FHA Loan Requirements – More Straightforward To Qualify
FHA loans are a favorite mortgage program that is government-backed. Three reasons why you should consider an FHA home loan to shop for house are:
- Low credit history needs
- Minimal advance payment needs Lenient debt-to-income requirements.
- Lenient income and debt-to-income needs
The FHA will not issue loans. The FHA is a component of this U.S. Dept of Housing and Urban developing (HUD), which insures mortgages that are residential. (more…)