FHA Loans

April 29, 2019

Finding The Best Mortgage Broker For FHA Loans, Jacksonville

Mortgage, as we know it, is a transaction that involves some serious amount of money. That is a compelling reason enough why you would want to use the service of a broker that can give you the best deal on FHA loans, Jacksonville. The company you choose will draw the line between getting the best offer available and losing your money down the drain. The question then becomes: how to find the most qualified company? Although there is no perfect formula to finding the best mortgage broker for FHA loans, Jacksonville, the following tips can help increase your chances for success: Search through local directories. A lot of mortgage brokers post their business information on local directories. The reason for […]
May 27, 2021

Qualifying For FHA Loans, DFW, TX

Contrary to conventional mortgage loans, FHA loans, DFW, TX, are government-backed loans. In other words, the Federal Housing Administration guarantees them. These loans are popular with first-time homebuyers for several reasons. For instance, they require lower minimum credit scores; for another, they accept a minimum down payment compared to conventional loans. To be eligible for an FHA loan, you must meet the following lending guidelines: Your FICO score is between 500 and 579 with 10 percent down or a FICO score of 580 or higher with 3.5 percent down. You have a verifiable employment history for the last two years. You can provide proof of income, which is verifiable through pay stubs, federal tax returns, and bank statements. You intend […]