First time home buyer New Jersey - Effective for all FHA programs. There are no documentation or letter of explanation requirements for loans with collection accounts or judgments run through Fannie Mae that receive an Approve/Eligible despite the presence of collection accounts or charge-offs.
An exception to the payoff of a court ordered judgment may be made if the borrower has an agreement with the creditor to make regular and timely payments.
The FHA has taken the following step:
FHA increased the annual MIP requirements:
For any mortgage with an loan-to-value greater than 90% FHA will assess the annual mortgage insurance premium until the end of the mortgage (life-of-the-loan).
For all mortgages with less than or equal to 90% loan-to-value the annual mortgage insurance premium will be assessed for the first 11 years of the mortgage term.
Today’s historically low interest rates make now the perfect time to purchase a new home or refinance.
First time home buyer New Jersey
www.Mortgage-World.com LLC is an online mortgage company specializing in FHA loans for first time home buyers. To buy a home with 3.5% down payment and a minimum credit score of 580 using an FHA loan.
Call us 888.958.5382
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.
Oct 12, 21 08:29 AM
FHA construction to permanent loan. Do you want one loan to buy the land, build a new home with a construction loan and then have the loan convert to a permanent loan with only 3.5% down?
Oct 11, 21 08:00 AM
Refinance to take cash out, divorce, payoff debt or home improvements with a 500 minimum credit score. FHA refinance allows cash out amount up to 80% of the value of the property.
Oct 08, 21 09:37 AM
FHA loan requirements 2021 minimum credit score is 500 to buy a house or refinance. FHA loan requires 580 credit score to qualify for 3.5% down payment.