Can The FHA Help Us?

First time borrowers don't always need a co-borrower, has someone told you that you need to have a co-borrower? Give me a call at 801-682-5626 or e-mail me at casey@thelowpricelender.com I look forward to helping you.

Yes you can as long as the co-borrower does not have a FHA insured loan and you and the co-borrower meet credit and income guidelines for FHA. Typically they will want a 620 credit score and a debt to income ratio of 29/41. Check out my blog at kentuckyloan.blogspot.com for a more complete answer to your question

Remember we look at credit 620+ or 580 sometimes, income (generally 2 years same industry), and equity in the home. if your ratios are correct 29/41 (sometimes we can push that to 45%) and you have all the above you can qualify easily FHA, or if you are in a USDA area could do 102 % financing and for both remember you can use up to 6% in seller consessions to purchace and pay closing costs. You can also use gift money from friends family ect for down payment and closing costs. Carl AshtonMortgage Banker Bright Green Home Loans 1605A Prosperity Farms RdLake Park Florida 33403Phone: 561-210-3000Fax: 561-624-1764premiermortgagestore@live.com Our websites: Premier Mortgage Ft Lauderdale Premier Mortgage Store Naples Premier Mortgage Store Florida Premier Mortgage Boca Raton FHA Mortgage Store VA Mortgage Store USDA Mortgage Store