Tighter FHA Mortgage Rules

Real Estate Broker/Owner with House to Home, Inc. - Denver Real Estate - 720-231-6373 DRE# ER40011786

Right after FHA had released information about the more relaxed "fix n flip" rules, we got information that if you have credit scores lower than average (below 693) you will need a 10% down payment.    The current rule says you can get into an FHA loan with a minimum of 3.5% down payment.


It REALLY pays to keep your credit in tact, for any type of loan or even insurance!    If you do not know your credit score - go onto www.freecreditreport.com    and get your current credit score from all 3 credit bureaus!




This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Lending / Financial
Colorado Denver County
denver real estate

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Joan Cox

Denver Real Estate - Selling One Home at a Time
How can I help you with your Metro Denver Real Estate needs?
Spam prevention