April 26, 2020

Difficulty qualifying for a mortgage? Try an FHA loan

You want to buy a home so bad you can practically taste it. Yet you have less-than-desirable credit and not enough salted away for a down payment as you had hoped.

Truth is, it’s likely going to be difficult to qualify for a conventional mortgage loan. That’s because traditional home loans often require putting more than 5% down and having a FICO credit score in the 640 or higher range.

But you’re not licked. Fortunately, there are options you can pursue that can fulfill your dream of homeownership. One of them is an FHA loan, which is backed by the government and offered by lenders approved by the Federal Housing Administration.

Learn more about an FHA home mortgage by reading my article on this topic for my newest client, The Lenders Network, available here.