FHA Loan Home Requirements

What is a FHA Loan?

If you want to apply for a Conventional Loan to buy a house, most lenders would require a higher credit score.. If your credit score is less than perfect, or if you are at the dawn of your financial journey, you may need help with a FHA Loan. You could apply, be beware of the downsides if you don’t have a professional by your side to guide you. Apply now to get the support and information from mortgage companies Bullhead City, AZ that is required to navigate past loan hurdles.

FHA Loan advantages

  • Lower Credit Score Requirement
  • Lower Down Payment
  • More Forgiving Debt-To-Income Ratio
  • FHA Loans Are Assumable

Get answers

FHA Loan

Low Credit Scores | Lower Cash to Close | Lower Down Payments | Popular 1st Homebuyer Loan

Typical first-time homebuyer plan

Lower down payment required

Up front mortgage insurance premiums financed

Monthly MI premiums

580+ Credit Scores

Lower minimum cash to close

debt to income thresholds are higher

No out of pocket closing costs possible*

 

Poll time. Are Beauโ€™s ray bans real or fake? AND, are you starting to see home prices decrease? 

Comment below โฌ‡๏ธ 

rayban ๐Ÿค“
sarahallenrealtor finally gets chance to talk with Greg about his GENIUS idea to replace her. it does not go well for the_lending_squatch 

sarahallenrealtor 
the_lending_squatch 
beau_thesocialtitlerep 
๐ŸŽฅ stay_mental 

#thesoloagent #realestatehumor #kingkongaintgotshitonme
โ€œWell, you know what I meanโ€

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#shorts #thesoloagent #uganda #prescottarizona
In this episode, we decided that Sarah canโ€™t be replaced and Greg still thinks Beau went to Uganda to help the babies.

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#realestatehumor #prescottrealestate #arizonarealestate #thesoloagent #arizona #prescott #realestatetips
This week during the Solo Circle we discuss some important things to remember about when we move and make changes in our business. 

As you wind down for the day, sit back and enjoy this discussion. We hope this helps. See you soon!

๐ŸŽฅ stay_mental
This was back dated to late March when interest rates had increased to 4.5%, but the information in this video is still relevant - if not more relevant - with the recent spike in interest rates. Theyโ€™re now sitting between 5.375% - 6%. 
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As a Buyer, your buying power might have gotten a little stronger even though interest rates increased. The recent change left many Buyers unable to continue home shopping which lowers the Buyer pool in our area. As a Seller, you have to be smart about how you list your home. You will no longer see wild offers exceed list price by thousands and thousands of dollars if they're financed Buyers, so be smart about how you list your home for the next month or two. 
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Keep in mind that the best week to list your home is coming up, and you need to be smart about your marketing strategy, price, and negotiating power when you have Buyers knocking on your door. 
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#InterestRates #RealEstate #TheSoloAgent #SoloAgent #SoloCircle #PrescottRealtor #PrescottRealEstate #PrescottAZ #ArizonaRealtor #ArizonaRealEstate #Mortgage #Lender #ArizonaLender #PrescottLender
Breaking down last week's show...

It's easy to jump on a trending topic, but what does it mean for you and your exposure on social media? 
โžก๏ธAlways remember to stay within your niche, even when you're using trending audio or trending events in the world. 
โžก๏ธUtilize the hype to get your message across to your consumer. In this case, we were trying to make our audience laugh, and we were successful. However, if you can't clarify the exact response or message you want your audience to receive, think twice about jumping on the latest trend. 
โžก๏ธBranding is just as important as using trending audio and/or topics. Your brand is more than your logo. It's the way you want to be perceived in your industry and/or community. How you show up on your social media platform should be consistent with your everyday presence. Be consistent, be present, and send the message you want heard by your audience. 
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#TheSoloAgent #SoloAgent #BrandingandMarketing #Marketing #SocialMediaMarketing #PrescottRealtor #RealtorTipsandTricks #RealtorTips
I always get excited to see my For Sale sign up!#LindaOne.com#homesmarticarerealty#Listingagent#TheSoloAgent

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*closing costs on FHA refinances can be added to the loan amount. On FHA purchases, a higher rate will be used and NFM Lending will use the premium to pay on the behalf of borrower.