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WHO CAN QUALIFY FOR FHA LOANS

Posted on: 12th Sep, 2009 02:01 am
WHO CAN QUALIFY FOR FHA LOANS
There is term credit score, which plays important role in getting any type of loan.For FHA Loan you have minimum credit score of 620 is required.

Also with as requirement of credit score the person can able to can afford the mortgage payments and cash investment is neceesary.
The person who plans to use the mortgaged property as a primary residence may apply for an FHA loan.
Posted on: 12th Sep, 2009 02:20 am
Any one with minimumm of 620 credit score and atleast 2 years of job history. Also good income to show that you can mkae payments
Posted on: 12th Sep, 2009 04:22 pm
anyone who meets the credit requirements, can afford the mortgage payments and cash investment, and who plans to use the mortgaged property as a primary residence may apply for an FHA-insured loan
Posted on: 13th Sep, 2009 06:23 am
yes. FHA is not for those who are seeking to buy property for investment purpose
Posted on: 13th Sep, 2009 08:22 am
hi
if u have minimum credit score of 620 ...........and no problem with credit.......and have 2 or more year of busness or job expirence ............
then you are qualify to get FHA loan .....................
Posted on: 13th Sep, 2009 11:44 am


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Posted on: 14th Sep, 2009 06:03 am
Credit score of 620 is prime requirement with Permanent job.
Posted on: 20th Sep, 2009 10:07 am
The FHA rules are also getting strict

So please check thier website for any changes
Posted on: 20th Sep, 2009 03:30 pm
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