FHA Guidelines

FHA guidelines on credit scores, down payment requirements and more!

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FHA Guidelines for credit scores

The FHA guidelines state that the Credit Score needed for FHA Loans is 580. The majority of Lenders and Banks need a 640 score for FHA loans. Finding a reputable Lender that can offer FHA loans to borrowers that meet the minimum credit score allowed by the FHA guidelines is difficult.
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FHA Guidelines on Down Payment assistance

Home buyers who qualify for an FHA loan, but do not have funds for the down payment and closing costs. There are certain income and credit score requirements for these types of programs, which vary by location.

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Home Path Program

The HomePath program was created by Fannie Mae to offer foreclosed homes directly to qualified buyers. This special program allows you to qualify with the minimum down payment and can even give you money to fix up your dream home. Read more

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FHA Guidelines on Loan Limits per county

The FHA guidelines on the maximum loan limits range from $271,000 to $417,000 in most areas. More expensive areas like Beverly Hills, San Diego, Los Angeles where home prices are much higher than the US average the FHA limit is $729,000. Read more

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FHA Guidelines on Closing costs

Typically the lower your credit score is the higher the closing costs are. On average you can expect to pay between 1-5%..

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VA Home Loan Guidelines

VA Home Loans are provided by private lenders, such as banks and mortgage companies. VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms such as lower credit score requirements.

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FHA Guidelines on the NHF Program just .5% down payment

The NHF Home Buyers Program (National Homebuyers Foundation) is designed to help low- to moderate-income buyers achieve the dream of home ownership. Read more

Jumbo loan products

90/10 and 80/10/10 Jumbo loan products may be available in your state if you meet certain criteria.

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Pre-Qualify Today!

  • Purchase programs with just 3.5% down.

Step 1

Submit your contact information.

Step 2

A Lender will contact you to discuss your loan needs.

Step 3

A Pre-Qualification letter will be provided to submit with your offer.

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How your credit scores are calculated

  • Payment history 35%
  • Debt owed 35%
  • Length of credit history 15%
  • Inquiries 10%
  • Mix of credit 10%

Your mortgage credit scores could be higher or lower, every situation is different. Our mission is to help our clients throughout the home buying process, we have established relationships with lender that can lend to borrowers with low credit scores. The majority of our clients are referrals from real estate agents because we offer a free service no other company does. We work hard to find you a lender to approve your loan, if your scores are too low we have a free credit repair guide we offer in the event we are unable to get you approved by one of our lenders.

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We have partnered with many of the top agents throughout the country. We created our own grading system based on their strengthens, and weaknesses. Get matched to the perfect agent based on your situation.