mortgage guidelines for fha loan

The guidelines for FHA can be found by searching for HUD 4155. It's 413 pages and most loan officers cant understand it, so unless your a lawyer, it's not going to be very clear to the layman. If your looking for something specific, let us know.. we would be happy to address your scenario.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Typically need 620 credit score and 3.5% down payment which can be a gift.

minimum 550 Credit score, 3.5% minimum down payment (can be gifted), Most recent 2 years W-2, 2 months most recent bank statements to get started.Are you looking to do a Refinance or Purchase?Jamie Nummer248-686-3542Jamie@somersetlendingcorp.com

With an FHA loan you can expected to need a down payment of at least 3.5% as well as a credit score of at least 620 (although some lenders will go lower on the credit score). You will also need to provide 2 recent pay stubs, the last tow years w-2 forms and a recent bank statement.

Broad question - 3 1/2 percent down and you'll need a credit score of 620 plus. You really need to speak to a lender to see if you fit the guidelines. They are made up of hundreds of pages. I'm in East Lansing - if you'd like a personal consultation, feel free to email or call. =Mike Silkworth (msilkworth@unionhomemortgage), 517-489-2328

Guides can be found searching online, but I strongly suggest that instead you just ask a local licensed mortgage broker with plenty of experience. This person is vastly different than the typical application clerk found at a bank.