Posts tagged Qualifications
Who Can Qualify for an FHA Loan?

FHA loans are federally backed home loans that are meant to encourage home ownership. They are really accessible because they are federally backed, so lenders do not mind taking on the risk. The FHA has guidelines on who may qualify for an FHA loan, but you should be aware that lenders often add their own standards.

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How Do You Qualify for a Home Loan?

Loan qualification depends on which loan you are applying for. There are a variety of loans offered in the market, including conventional loans,  jumbo loans, USDA loans, VA loans and FHA loans. Each type of loan has its own advantages and disadvantages. Choosing the best loan for you will largely depend on your own circumstances and future plans. 

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Criteria for First-Time Home Buyers for Home Loans

To help first-time home buyers, federal, state and local housing agencies have programs to make the home buying process easier and cheaper. The agencies and lenders in your area can offer you various FHA loans, VA loans, down payment grants, and other programs to make it easier to qualify and buy your first home. The definition of a first time home buyer

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