First Time Buyers as well as Repeat Buyers - FHA has raised the loan limits on a single family home to $400,000 in Mesquite NV and all of Clark County.  The average single family home in Mesquite NV sells for around $300,000.

The FHA guidelines are less stringent than a regular conventional loan - approval is not credit score driven - a buyer with a credit score of 620 or even lower may be able to qualify for an FHA approved home loan with as little as 3% down and no interest rate penalty for the lower credit score.

FHA is more concerned with your last 12 months credit and ability to pay the payments on your loan.  They look at the overall picture, rather than just a credit score. 

The Federal Housing Administration originally set up the loan programs so that a first time buyer would be able to qualify and buy a home.  The FHA home loan is becoming popular again, and offers payments that may be lower than those of a conventional home loan for buyers with a credit score of less than 680.

For more information about FHA loan programs and comparison to conventional loans, visit the website of Jeff Belonger -  The FHA EXPERT

Do you qualify for a FHA Loan?  For a quick answer visit Kathy Hadden @Wells Fargo Bank Mesquite NV

Or call me for an appointment to get pre-qualified with an FHA approved lender

Let's look at homes in your price and payment range!

Mesquite NV  FHA Loan  First Time Buyer  Repeat Buyer  FHA max loan limit  Single Family Home Loan