Apply For FHA Home Loan
Quick & Easy Loan
Application
Advantages of an FHA Home Loan Refinance or Purchase:

Pay as little as 3% of the purchase price for your down payment
Down Payment & Closing Costs can be from Gifts or Borrowers
Own Funds.
Problem Credit or Discharged Bankruptcy Accepted
No Rental History Required
Manufactured Homes and Condo's allowed
Get Cash Out for Home Improvements, Vacations or College
Lower your monthly payments
Consolidate High Interest Credit Cards and Installment Loans
Payoff outstanding judgments and tax liens
Improve monthly cash flow
Easy Qualification
Possible Tax Advantages
Find out how to get approved for a fha home loan. To start, simply
complete the quick on-line application form and we'll start working right
away to make your dream home a reality.... Complete this Form. Click Here
FHA loans can be used for many different types of loans. Whether you are
buying your first home, fixing up an investment property, or remodeling your
current home, the FHA Home Loan program can help you.
FHA Home Loans
If your have some bad credit or your credit is not perfect or you don't have much
money for a down payment then maybe an FHA Home Loan is right for you. An
FHA Loan is a mortgage that is insured by the Federal Housing Administration.
There are many factors involved in determining whether an FHA Loan is better for
you than a Conventional Loan. Contact us to speak with a loan officer to help with
this decision.
Since 1934 The Federal Housing Administration has been helping people
to become homeowners. Applying for an FHA home loan is no different
than applying for a standard home loan. To determine if an applicant will
receive an FHA home loan approval, lenders and the FHA require detailed
personal and financial information.
We are not affiliated with any government agencies, including the VA, the FHA, or the HUD. For more, read the Fhahomeloanz.com Disclaimer.
    FHA Home Loan Credit Approval Guidelines

    Here are some of the credit underwriting guidelines for FHA home loans:

FHA does not impose any minimum credit score requirement. But Some lenders may have
minimum score requirement to minimize the risk on some problem loans. Fico score give some
indication of borrowers credit history. Most lenders require scores over 550 some may even go
lower. Higher the score the better terms borrowers can get on their loans. The borrower’s most
recent 2-year credit history will receive the closest scrutiny. The borrower’s overall performance in
paying debts as agreed will be evaluated.

    Lack or no credit history:  To be eligible for a FHA loan you must have at least two lines of
    credit, If a borrower does not have a minimum of 2 trade lines on their credit report, alternative
    forms of credit may be used. This would include items such as auto insurance payment history,
    utility bills, etc.  

    Chapter 7 Bankruptcy:  FHA requires a minimum of 2 years since the discharge of the
    bankruptcy.  An explanation of the bankruptcy will be required.  Furthermore, the borrower should
    have re-established credit (i.e. secured credit card) with no late payments.  

    Chapter 13 Bankruptcy:  FHA will consider a borrower still paying on a Chapter 13 bankruptcy if
    the payments to the court have been made for a minimum of 1 year in a satisfactory manner (as
    verified with the courts) and with the approval of the court trustee.

    Federal Debts:  A borrower is not eligible for a FHA loan if he/she is delinquent or in default on
    any federal debt (such as a HUD or VA mortgage, student loans, SBA loans or a tax lien against
    his/her property).  Borrowers can become eligible by bringing any delinquent accounts current,
    making satisfactory repayment arrangements with the creditor (generally a 3 month history will be
    required), or paying the account in full.

    Judgments:  Judgments must be paid or have 12 months of arranged payment history

    Collection Accounts:  If you have collections you still may be eligible. Collections do not need to
    be paid,  Letter of Explanation will be required

    Foreclosure:  Require a minimum of three years since the completion of the action and the
    borrower must have re-established good credit.
Apply For FHA Home Loan
Quick & Easy Loan
Application