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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Mortgage Rates August 5
Aug 05, 24 04:10 PM
Mortgage Rates August 5, 2024. Rates have gone down recently. Lower rates equals lower mortgage payment. -
Mortgage Rates August 5 2024
Aug 05, 24 03:55 PM
Mortgage Rates August 5 2024 -
Today's FHA Rates 5.00% & 5.875% Conventional Minimum 700 Credit Score
Aug 05, 24 03:48 PM
Today’s historically low 30 year fixed interest rates make now the perfect time to purchase a new home or refinance To be approved at the lowest mortgage rates, you do not need to have the highest cre…
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800.516.9166
