If you are a homebuyer with little to no credit history, a government-backed FHA loan may be able to quickly and easily help you buy a house. If the less strict requirements of an FHA loan appeal to you, then continue reading to find out exactly how to get an FHA loan when you are limited by lower credit.
There are different rules, advantages, and drawbacks depending on which type of IRA you have. Whether you are a first-time homebuyer or a seasoned one, there are many factors to consider before taking money out of your IRA to buy a house.
Whether you’re interested in an FHA loan or not, the words “FHA mortgage insurance requirements” may seem like a bit of a mystery. There’s likely some “how’s" and "why’s” you may want to know more about.
Buying a home is like many dreams, it requires planning, foresight, and hard work. Owning a home is one of the few dreams that requires you to qualify for a mortgage though. Qualifying for a home loan often hinges on two key factors: the borrower’s debt-to-income ratio (DTI) and their credit score.