In this blog, we will cover and discuss FHA mortgage guidelines on credit disputes during the mortgage process. In general, you cannot have credit disputes during the mortgage process. There are a few credit disputes exempt from removal. IGustan Cho Associates are experts in working with borrowers with credit disputes. In the following sections, we […]
HUD, the parent of FHA, allows borrowers down to a 500 credit score to qualify for an FHA loan. However, for borrowers with under a 580 credit score, a 10% down payment is required. Borrowers need a 580 credit score to qualify for an FHA loan with a 3.5% down payment.
In this blog, we will discuss and cover FHA loans for bad credit with low credit scores on home purchase and refinance transactions. FHA loans are government-backed mortgage loans that are originated, processed, underwritten, and funded by banks and private mortgage lenders. HUD is the parent of FHA loans. HUD-approved lenders are more than eager […]
In this blog, we will discuss and cover qualifying for an FHA loans with the best North Carolina FHA lenders for bad credit. Not all lenders in North Carolina has the same FHA loan requirements. First-time homebuyers with lower credit scores or no credit scores can get denied by one lender but may get approved […]
In this blog, we will discuss and cover the manual downgrade from AUS approval on FHA loans. Manual Downgrade From AUS Approval is sometimes required by lenders who think the FHA loan is too marginal. For example, if a borrower with a credit score of 580 and higher debt-to-income ratios gets an approve/eligible per automated […]
In this article, we will cover and discuss the frequently asked question can I qualify for FHA loan with tax lien. The answer to can I qualify for an FHA loan with tax lien is yes under certain circumstances. You can qualify for an FHA loan with tax lien only if you have a written […]
In this article, we will be comparing FHA loans vs VA loans. VA loans by far are the best mortgage loan program in the nation. The U.S. Department of Veterans Affairs is the federal government agency administering the agency mortgage guidelines on VA loans. The role of the Veterans Administration (VA) and the U.S. Department […]
In this article, we will cover and discuss why choose an FHA over a VA home loan on a home purchase.VA Home Loans are the best primary mortgage loan programs in the United States. To be eligible for VA Loans, borrowers need to be active duty and/or retired members of the United States Military with […]
In this blog, we will cover and discuss qualifying for FHA loans Colorado with bad credit and credit scores down to 520 FICO. The Colorado housing market is booming. Home prices are skyrocketing with no sign of a correction. There are more homebuyers than an inventory of homes. It is no doubt a seller’s market […]
In this article, we will cover and discuss choosing FHA lenders in Washington for bad credit with low credit scores. Not all FHA lenders in Washington for bad credit have the same lending guidelines on FHA loans. Washington FHA Loan Requirements and Guidelines for 2022 are more lenient than any other loan program. The housing […]
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