• Your house will need to be most of your quarters
• You really need to have a 2 seasons work record having steady earnings
• You will find a max loans so you can income ratio away from 43% out of really lenders. Specific loan providers would allow for as much as 50%
• You’ll want maybe not got a case of bankruptcy in the last dos ages otherwise a property foreclosure in the last 3 years.
• Just be prepared to shell out an upfront and you may installment loans Oakland OR a monthly home loan premium.

Comprehend the summary of FHA mortgage standards to find fully experienced for the entire FHA mortgage process. [Read more…]