what do you have to do to get an FHA mortgage?

Call Me With ALL Your Q.'s...JimTeak II @ 619-293-4200www.JimTeak.comwww.FHA.gov

If you are wanting to do an FHA loan, because of the low down payment, I can help you with doing a HUD loan or I can do a conventional loan at 97%. With this loan you would avoid having to pay the upfront mortgage insurance premium of 1% of your loan amount. So it can save you a substantial amount of money.Give me a call if you would like more information 843-290-6635 or email Dwight@ALendingPartner.com

FHA loans are available in accordance with the average household income. The bid attraction is the 3.5% down if you are purchasing with little money down. The key is finding a good mortgage professional that is knowledgeable regarding FHA. It is very important for you to understand what you will receive.

You need a Debt to Income ratio of 43% or lower, a credit score of 640 or higher and at least 3.5% equity in the home. How much you make is irrelevant as long as your ratio is witihin the 43% requirement. Call me with any questions. Joe Shamie 877-662-3321 x-102

doesn't matter if you make $30,000 a year or $300,000. ... It's what portion of your income is eaten up with monthly bills. .... Don't shop rate and fees. That may come later. ... The first thing you should do is find someone you feel you can trust. ... Then submit an application for pre-qualification. ... Happy funding, Rudi