Are you seeking to purchase a home using the FHA loan program? Due to new lower credit score requirements, you may now have the opportunity to qualify for an FHA loan despite a few black marks on your credit report.
Lower FICO Score
Borrowers with FICO scores 620 and above may now be able to qualify for an FHA loan. This reduced FICO score may help borrowers who pay their bills on time but have experienced a credit hiccup or two in their past.
FHA mortgage loans offer lower down payment options than conventional mortgage loans. In case you missed it, you may be interested in knowing there are important deadlines for FHA borrowers. Check out our recent blog post FHA Borrowers Face Deadline to see why applying for an FHA loan before March 28th is so important.
Time to Buy
Fixed mortgage rates continue to hover around record lows helping keep house affordability high as we head into the spring home buying season. Contact us to discuss your unique financing needs. Inlanta Mortgage offers FHA, FHA 203K, USDA, VA and conventional loan programs.
Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs.
Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.