– FICO® score at least 580 = 3.5% down payment.
– FICO® score between 500 and 579 = 10% down payment.
– MIP (Mortgage Insurance Premium ) is required.
– Debt-to-Income Ratio < 43%. - The home must be the borrower's primary residence. - Borrower must have steady income and proof of employment

View Full Details

[tmaf_similar_searches keyword=”first time home buyer to qualify for an fha loan”]

Write A Comment