Buy House Florida
Buy House Florida
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Buy House Florida
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www.MORTGAGE-WORLD.com LLC is an online mortgage company specializing in FHA loans for first time home buyers.
We look forward to working with you.
Minimum Credit Score to buy a house or refinance
* FHA requirements new borrowers will now be required to have a minimum credit score of 580 to qualify for 3.5% down payment
* FHA loan requirements new borrowers with less than a 580 credit score will be required to put down at least 10%
FHA Credit Score
Requires a minimum credit score of 500 to buy a home or refinance
Collection accounts
A collection is minor in nature usually does not need to be paid off as a condition for loan approval
Bankruptcy
Chapter 7 Bankruptcy at least two years must have elapsed since the discharge date
Foreclosure
Foreclosure must have been resolved for at least 3 years
- Government loan: Seasoning is determined by the date the claim was paid
- Loans other than Government: Seasoning is determined by the date of sale the lender sold the property
Short Sale
FHA guidelines requires three year past from the date of sale of the property
Call Now, Our Staff is Available
888-958-4228
Recent Articles
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Low Credit Score Mortgage Florida
Apr 04, 24 09:41 AM
Low Credit Score Mortgage Florida Down to 500. Purchase or Refinance. -
Credit Score Requirements for FHA 2024
Mar 18, 24 09:08 AM
Credit Score Requirements for FHA 2024. For individuals applying for an FHA loan, it's important to note that there is a minimum FICO score requirement of 500. -
FHA Loan Requirements 2024 - FHA Loan Programs 2024
Mar 15, 24 01:12 PM
FHA loan requirements 2024. FHA loan guidelines for minimum credit score, minimum down payment and closing costs.
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800.516.9166
