FHA Home Loan Information
Approved FHA Lenders are safe-guarded against losses and are able to issue mortgages at very attractive terms. FHA loans offer a low fixed interest rate and qualifying for FHA loans is usually straight-forward...
With an FHA Loan:
- Buy a house as little as a 3.5% down payment
- Refinance your mortgage to a low fixed rate
- Qualify for a mortgage with down to a 500 credit score
- 203k Rehab Loans can give you additional money for home repairs
FHA Loan Requirements:
- Credit: 620 score is desirable but you may be able to qualify down to 500
- Income: You must prove that you make enough money to afford the FHA loan
- Employment: 2 year consistent work history verified by proper documentation
- Appraisal: Your home must be appraised by an approved management company that is HVCC compliant.