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FHA Home Loans Blue Springs
FHA Home Loans Blue Springs
Let's talk about FHA loans because I know you want to learn more about them. You probably already know that FHA home loans are extremely popular because they have a ton of advantages for the home buyer! If you're interested in getting the process (to get pre-approved) started - simply click this link: Getting Started
The FHA home loan is a loan program that really helps buyers with some great benefits when you are approved for the loan.  The first benefit is that it has less stringent guidelines on the application & approval process and the down payment fees are lower than a conventional loan. This program is backed up by the Federal Housing Authority, so if you have had credit difficulties or simply don't have the money to make a 20% down payment can purchase a home, the FHA helps you out with these lower qualifying standards.
Some of the guidelines to qualifying for an FHA home loan include:
You must have at least Two years of steady employment and during that 2 years your Income must remain the same or hopefully has improved. Your monthly payments for your FHA mortgage can't exceed 30% of your gross ... more

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