Tag Archives: FHA loan

2019 Minimum Mortgage Requirements – Part 1

Interest rates are climbing steadily and it would only make sense if you are considering buying a home sooner than later. The next thing that you are probably thinking about is if you could qualify for that loan at current mortgage rates. Although credit standards have lowered a little bit over the past ten years, … Continue reading 2019 Minimum Mortgage Requirements – Part 1

The Many Benefits Of FHA Mortgages in 2019

If you want to know why you should opt for an FHA loan in 2019, listed below are some of the many benefits that this kind of mortgage can offer. Lower Down Payment and Credit Score Requirements The requirements for the credit score and down payments are lower for FHA mortgages compared to conventional loans. … Continue reading The Many Benefits Of FHA Mortgages in 2019

FHA Loan Basics

An FHA loan is a mortgage loan that is backed by the government and insured by the U.S. Federal Housing Administration. Borrowers, commonly those who have low credit scores, enjoy several benefits like low down payment threshold of 3.5% of the whole home purchase. Borrowers with low FICO credit scores like 580 as well as … Continue reading FHA Loan Basics