Credit Score:
Your credit score needs to be a minimum of 640 in order to qualify. If you have had a previous Bankruptcy, the discharge must be at least 2 years. A Prior Foreclosure or Short Sale needs to be at 3 years ago.
Employment History:
We look at your previous 2 years of employment to be sure it’s in the same line of work. If you are self-employed, we need a 2 year history of owning the business and showing income on your tax returns.
Down Payment:
You can purchase a home with as little as 3.5% down of your purchase price on a Government Insured FHA loan. This money can come as a gift from a relative as well.
Give us a call to review your unique situation.
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