FHA vs Conventional mortgage
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Thread created 03-05-2012 by Damix
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Also, for those following this thread, if you are about to apply for FHA financing, make sure you get your case number regsitered prior to April 1. As of April 1st FHA increased fees will apply.
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FHA vs Conventional mortgage
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Thread created 03-05-2012 by Damix
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6 Replies
2,685 Views
I do have lenders who are more lienient about limited credit. I have been in the industry 19 years and my Company is licensed in 12 States and as you can see in my various posts throughout the...
FHA vs Conventional mortgage
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Thread created 03-05-2012 by Damix
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6 Replies
2,685 Views
Adam - I appreciate the reply and information. I'll continue working with my realtor to see if there are other lenders that have different criteria.
Thanks.
FHA vs Conventional mortgage
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Thread created 03-05-2012 by Damix
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6 Replies
2,685 Views
Damix,
I do many more Condos with conventional financing compared to FHA as most condos are not FHA approved. Depending on what State the property is located, many times I receive what is called...
FHA vs Conventional mortgage
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Thread created 03-05-2012 by Damix
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6 Replies
2,685 Views
From a search
"Some lenders will consider alternate trade lines. Often, these are monthly bills such as your power bill, water and sewer bill, telephone bill, etc.
If lack of credit is a...
FHA vs Conventional mortgage
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Thread created 03-05-2012 by Damix
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6 Replies
2,685 Views
I'm sure you understand why condos do that so good luck in your search.
Odds are not very good with anything under 20% for conventional.
I found this where I got my loan 6 months ago.
"The...
FHA vs Conventional mortgage
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Thread created 03-05-2012 by Damix
0 Score
6 Replies
2,685 Views
Hi,
Looking to buy my first condo, spoke with a BoA rep about preapproval. After running my credit and looking over my situation, they informed that I only qualify for FHA for 2 reasons.
1) I...
