Although your FICO® Score is a popular option, another common credit score is your VantageScore®. If the lender finds three credit scores for one borrower, they’ll use the middle value when determining your loan eligibility. If the lender finds only two credit scores, they’ll use the...
FHA loans have easy credit and income requirements than other loans, 100% FHA Financing options. Fast Loans approval with FHA Direct Loans
An FHA loan helps borrowers with lower credit scores and down payment savings finance a home, sometimes at more affordableFHA loan rates. This type of mortgage is widely available from different types of lenders, including banks and independent mortgage companies. Here’s a complete guide. What i...
Credit score and history:FHA loans allow for lower credit scores than conventional loans. If you’ve had credit problems (including bankruptcy), you might find it easier to qualify for an FHA loan. Mortgage insurance:Unlike conventional loans, all FHA loans require mortgage insurance. (However, ...
FHA mortgage loan An FHA mortgage is ideal for first-time home buyers, requiring a minimum credit score of 580 for a 3.5% down payment. Those with credit scores between 500 and 579 can still qualify for a 10% down payment. These loans are popular due to their lenient credit score require...
FHA Loan articles and updates for first time homebuyers, homeowners looking to refinance an existing mortgage, and anyone looking to learn how to buy a home with a low down payment mortgage.
Private mortgage insurance for a conventional loan can cost less than FHA mortgage insurance if your credit score is above 720. Meanwhile, FHA mortgage insurance depends on the value and term of the loan, as well as the size of your down payment. Credit scores aren’t a factor for FHA mor...
Bad Credit Refinance Home Loans- This subprime program is still possible with FHA home loan refinancing, Hope for Homeowners and rate and term refinancing with the flexible FHA guidelines. Refinancing FHA loans may be possible with credit scores as low as 500. ...
Credit scores as low as 580 may qualify Refinance up to 97.75% of your primary home’s value Buy a home with as little as 3.5% down (primary home) Got questions? Give us a call! One of our mortgage specialists would be happy to answer all of your questions and get you started with...
FHA loans may offer homebuyers more flexible lending requirements and a lower down payment. Learn how to get an FHA loan, the pros and cons and how to qualify.