How You Can Qualify For a FHA Loan
Posted by Carey Frankel on
You may want to purchase Jacksonville property but you have doubts about your qualifications. You may think you don’t earn enough money, or your credit score is too low to qualify for a loan. Possibly you have experienced a foreclosure and even a bankruptcy in the recent past. In your mind you have about as much chance of owning a home as you do of owning a private island in the South Pacific.
But you could be mistaken. An FHA guarantee allows more potential home owners to be approved for a mortgage with less stringent requirements. The government wants you to own property, and it is willing to back up the banks who lend money so that the economy continues to thrive.
Income and EmploymentSince qualifying for a FHA loan is more flexible than a…
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