- Are you looking for the lowest down payment option to purchase your first home?
- Have you had some bumps in your credit history so your scores are less than perfect?
An FHA loan may be just what you need to remove these hurdles. FHA loans are designed with the first-time home buyer in mind. Minimum down payment of only 3.5% required, which can be gifted from a family member, and a minimum credit score of only 580. This coupled with more lenient income and credit requirements will have you on your way to home ownership now. No need to wait for everything to be just perfect.
Here are the basic requirements to qualify for FHA loans:
- Minimum 580 credit score
- 3.5% down payment – which can also be gifted to you by family members
- More lenient income and credit requirements
Tell us your scenario and let one of our FHA expert’s guide you through the entire home buying process. This is a no obligation, FREE consultation that could open the door to home ownership for you today.
Read more: Detailed Overview of FHA Loan Criteria
Remember, all loans are still subject to final credit and underwriting approvals.
Give us a call or fill out our simple form and have an FHA mortgage expert help guide you through the entire home buying process.
All loans are still subject to final credit and underwriting approvals.
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When it comes to getting a mortgage
you have more options than you think