What Is Bad Credit Fha Loans?

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WHAT IS BAD
Midwest Equity Mortgage
CREDIT FHA LOANS
www.homemortgageguys.com
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Best Offer For Bad Credit
Fha Loans
You may be able to purchase a home with an FHA
loan, which has fewer strict financial
requirements. If you have debt or a low
credit score, you might be able to get an FHA
loan. Even if you have a bankruptcy or other
financial difficulty on your record, you can
still be eligible for an FHA loan.
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Advantages of FHA Loans
Easier credit qualifications The conditions for
an FHA loan are less stringent than those for a
conventional loan. It's one of the simpler loans
to get approved for, especially if your credit
is less than ideal. Shorter time to qualify after
negative credit if you use an FHA loan, you won't
have to wait as long to obtain a mortgage
following a significant credit incident. Fha loan
giving you minimum credit score to get a
m ortgage offer also. Low down payment FHA loans
require a down payment, but its likely you need
less time to save up for your home than you
imagined.
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More lenient on gift funds
It's acceptable to ask for help if you don't have
the money for a down payment. The FHA's down
payment requirements allow gifts from family,
close friends, and other third parties. Low
closing costs Your lender gives you a credit to
help with your closing costs in exchange for you
paying a little higher interest rate.
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Contact Us
[phone] www.homemortgageguys.com
homemortgageguys123_at_gmail.com Sherman Drive St
Charles, MO 63303
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F o r Y o u r A t t e n t i o n
Midwest Equity Mortgage