In this post we will highlight some important things to insure you have success when applying for a government home loan. All the government loan programs - FHA, VA and USDA offer advantages for home buyers. The most important advantage is they still allow Florida home buyers to purchase a home with little or no down payment. Florida first time home buyers will find the information below especially useful. It's good to know what you need do before applying for a home loan, as well as the process after you sign a contract to purchase a home.
Before you submit your … (0 comments)
fha loan pre approval: FHA Loan Application Pre Qual process
- 09/10/12 01:12 AM
So your thinking about purchasing your first home and determined that the FHA mortgage is the best fit. How exactly do you get prequalified for an FHA mortgage might be the next question? Before you dig too deep, it’s important to understand exactly what a “pre qualification” actually is in mortgage lingo. An FHA prequalification means that under the information provided to your FHA loan specialist, you generally meet the guidelines that are set for FHA home loans. At this stage, nothing is really documented or verified. You may or may not have made a formal FHA application, you just want … (0 comments)
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