FHA Loans have lots of appealing qualities – they’re easier to qualify for than a conventional mortgage, they have lower minimum credit score requirements, and they offer a lower down payment. They can be a wonderful resource to borrowers who may have had credit trouble in the past, or who aren’t able to make a large down payment. However, FHA Loans have mortgage insurance, specific document requirements, and debt-to-income ratios that depend on your credit score. Navigating all those numbers and requirements can be confusing, but don’t worry – you can get a copy of our FHA Loan Guide e-book for free!
A Step-By-Step Guide to FHA Loans
Don’t stay in the dark – learn all you can about FHA Loans! Our guide discusses the process of obtaining an FHA Loan step by step, from application to closing! Know what to expect at every turn in the road, and also learn about special instances, such as FHA Home Equity Conversion Mortgages for borrowers 62 years old or older. Current mortgage insurance premiums are listed that account for base loan amount and the loan-to-value ratio. We packed as much useful information as possible into this 11-page e-book because we want consumers to be prepared for homeownership and FHA Loans!
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