Steps to getting accepted to have an FHA loan
Regular earnings and proof employment. To be able to offer about two years of cash and you can work ideas is actually a standard importance of all the money.
Limitation FHA amount borrowed
Down payment anywhere between step 3.5%-10%. The brand new down payment minimum to own a keen FHA mortgage is generally down than simply antique financing, and can end up being as little as step 3.5% based on your credit score and financial.
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