FHA guidelines on credit scores, down payment requirements and more!
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.
Typically the lower your credit score is the higher the closing costs are. On average you can expect to pay between 1-5%..
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.
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
90/10 and 80/10/10 Jumbo loan products may be available in your state if you meet certain criteria.