Are you a first time home buyer considering buying a house using an FHA Loan? Are you having a hard time finding a lender that will do lower credit scores in this housing market? Why aren’t sellers considering my offer when using an FHA loan? In this video, we talk about the things to consider when using an FHA Loan in 2021 Housing Market.
Want to get connected with a Top Producing Mortgage Professional in your market? If so, contact me directly at http://www.jebsmith.net/referral
FHA loan 2021 requirements
✅FICO® score at least 580 = 3.5% down payment.
✅FICO® score between 500 and 579 = 10% down payment.
✅MIP (Mortgage Insurance Premium ) is required.
✅Debt-to-Income Ratio less than 43%. (Actually you can go much higher than this)
✅The home must be the borrower’s primary residence.
✅Borrower must have steady income and proof of employment.
FHA Videos You May Find Helpful:
➡NEW FHA Loan Requirements – First Time Home Buyer – FHA Loan 2021 – https://youtu.be/JwGB0CEZOww
➡How to calcuate PMI on a FHA Loan – How to get rid of PMI – FHA Loan 2020 – https://youtu.be/1UDea_zyhqM
➡FHA Loan Qualifications – First Time Home Buyer – FHA Loan 2020 – https://youtu.be/1SC6WgAJ2yk
➡FHA Pros and Cons – First Time Home Buyer – FHA Loan 2020 – https://youtu.be/fOWjRGQmKDM
➡Buying a home using FHA – First Time Home Buyer – FHA Loan 2020 – https://youtu.be/8KCzd8GPH_w
Connect with me 👇
Jeb Smith (huntington beach Realtor/orange county real estate)
Coldwell Banker Realty
➡I N S T A G R A M ➳ https://www.instagram.com/jebsmith
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