- First Time Home Buyers who may not be eligible for traditional financing
- Borrowers who don't have a lot of money to put down on a house - they may have limited cash for down payment or closing costs
- Borrowers who need flexibility in their housing income and payment ratios
- Borrowers who are worried about qualifying for a loan and may not qualify for a conventional loan
- Borrowers who don't have perfect credit - have credit blemishes
- Borrowers who live in a disadvantage neighborhood or who are interested in purchasing a property that needs repairs
Basic Eligibility Requirements for FHA financing...
1. Valid Social Security Number
- U.S. Citizen
- Pemanent & Non Permanent Resident Aliens
- Non-Occupant Co-Borrowers (Co-Signors)
2. Lawful U.S. Residency
- Borrower must be a lawful residency in the United States
3. Legal Age
- Borrower(s) must be 18 years old, or age which state permits a person to sign on a Mortgage/Deed of Trust
Other Eligibiliy Factors:
Income Requirements:
- No Maximum income limits.
- Must have sufficient income to qualify for the mortgage payment and other debts.
Credit Score Requirements:
No Minimum Credit Score Requirements (No Fico Scores Required from FMC), Some Lenders require a minimum of 620 fico score: some require DU/LP approvals for lesser ficos, Past credit performance serves as the guide to determine a borrower's attitude toward credit obligations.
No Fico Scores need 12 months alternative credit accounts such as utilities, car insurance, cell phone, etc.
You Have Nothing To Lose And Equity To Gain!
Zero Down USDA Rural & Half Percent Down CHF Access purchase loans are easy to qualify in minutes. Frank Shaw is serving California Realtors, Real Estate Agents, Real Estate Brokers and all Californians! CALL TODAY...
Frank Shaw
Frank Shaw
