Last year the FHA instituted minimum credit score requirements necessary to qualify for FHA loan approval. Many borrowers who wind up being turned down for FHA financing due to low credit scores often wonder how their credit scores compare to other borrowers. Despite the financial pressures on households due to higher prices, stagnant incomes and […]
FHA Minimum Credit Scores – How Does My Credit Score Compare To Other Borrowers?
December 7, 2011 Filed Under: FHA Eligibility Requirements, FHA Minimum Credit Scores, FHA mortgage
Can I Get An FHA Mortgage After A Bankruptcy?
July 1, 2011 Filed Under: FHA Eligibility Requirements, FHA Mortgage Basics
A common question for borrowers who have had to file for bankruptcy is if they are still eligible for FHA financing. The short answer is yes but a particular applicant may or may not qualify for FHA financing depending on the individual circumstances and age and type of the bankruptcy. The FHA has different guidelines […]
Basic Requirements To Be Eligible For FHA Financing
July 1, 2011 Filed Under: FHA Eligibility Requirements, FHA mortgage, FHA Mortgage Basics
Applying for an FHA loan can be a complex and sometimes time consuming process. The lender that you apply to for an FHA loan must meet numerous guidelines for loan application, processing and approval as mandated by FHA regulations and rules. In addition, lenders can impose their own eligibility requirements as deemed appropriate so there […]