“As an FHA DE underwriter, I pride myself on navigating the complexities of FHA loans to help first-time homebuyers and families achieve their dream of homeownership.” Phuong Lee, Underwriting Manager at Griffin Funding.Who Can Qualify for an FHA Loan? Qualifications by lender, as these ...
Time to read7 min Applying for a home loan should be an exciting time in your life. But if you're afirst-time homebuyer, the process can be a little overwhelming. Where do I start?What type of home loando I need? These questions are common during the application process. ...
FHA mortgages have great perks for first-time home buyers. But to use this loan program, you need to meet requirements set by the Federal Housing Administration and your FHA-approved lender. FHA loans are typically available to those who meet the following qualifications: A credit score of 580...
Gain insights about the first-time homebuying experience. Make use of the tools and resources in our first-time homebuyer guide. Visit the first-time homebuyerguide Navigate the homebuying process, step-by-step. Take five minutes to get an introduction on what goes into buying a home. ...
FHA loans are generally easier to qualify for than conventional loans are. There are a few things to keep in mind when checking into the qualifications for this type of loan: Seeking out multiple lenders is important. Each lender can and will set its own standards that must be met to quali...
The FHA mortgage was originally created for first-time homebuyers, but it is now open to a much wider audience. Under FHA guidelines, if you have not owned a primary residence for at least three years you can qualify as a first-time homebuyer! How much is the down payment for an FHA ...
An FHA loan is a mortgage program thats’s perfect for today’s first-time home buyers. During the last decade, tightened housing regulations and poor wage growth have left many people feeling like owning a home is beyond their reach. More than ten million Americans can still hold on to ...
FHA just announced a new program for FHA Down Payment Assistance Home Loans. This home financing initiative should offer more opportunities for first time homebuyers to become homeowners. Buying a house can be a stressful time and that's why we provide FHA mortgages with low down-payments and ...
All FHA home appraisals last for 180 days after issue. For the average buyer, 180 days is plenty of time tocomplete the closing process. If you need more time before signing the loan closing paperwork, the lender will need to verify the property value has not declined. ...
First and foremost, Gloria James is amazing!! She literally held my hand and walked me through every step, and as a first-time homebuyer, this is the exact type of assistance I was looking for. Buying a home for your first time is very scary, intimidating, and there's so much informa...