Tighter FHA Mortgage Rules

By
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!

 

 

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Topic:
Lending / Financial
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Colorado Denver County
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denver real estate

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