Purchase - FHA or conventional mortgage?
There are several types of conventional loan programs that you may qualify for. Each program has different down payment, credit score, property type and loan-to-value requirements.
Fannie Mae and Freddie Mac have several programs for first time home buyers with a low down payment.
Fannie Mae and Freddie Mac require a minimum credit score of 620 to buy a home. Their mission is to help ensure that home buyers and home owners have access to mortgage financing.
There are several types of government loan programs that you may qualify for. Each program has different down payment, credit score, property type and loan-to-value requirements
FHA requires a minimum credit score of 500. There are no income limits like you may find with first time home buyer programs. However, there are limits on how much you can borrow.
HUD's mission is to support the nation’s housing market.
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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.
May 19, 22 07:22 AM
Refinanciar despues de la bancarrota! Préstamo FHA puntaje de crédito mínimo de 500 para calificar para el retiro de efectivo del 80% del el valor de la casa.
May 17, 22 08:34 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?
May 17, 22 08:33 AM
FHA cash out refinance allows you to refinance up to 80% of the value of the property with a minimum credit score of 500. Use the equity you have built up in your home to cash out with an FHA loan.