Credit Qualifications for FHA Loans

FHA Home Mortgage Company can help you understand credit qualifications and government loan programs for buying or refinancing a home

FHA Loan Qualification
It is recommended to consider FHA mortgages with credit ratings ranging from poor to excellent. If you have had credit issues in the past, the FHA recommends a Consumer Credit Counseling program to avoid being denied an FHA loan. A good credit counselor can talk to you about income-to-debt ratio, maintaining satisfactory payments and challenging errors on your credit report. The FHA recommends creating a satisfactory payment history for at least one year before applying for any FHA loan program.

Finance a new home with a FHA mortgage loan designed for 1st time homebuyers!

FHA guidelines are very flexible for limited and poor credit. Good housing payment history is essential to getting approved for a FHA home loan.