FHA Loan

Easier Qualification Requirements.
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Requirements

What you need to get started

580
Minimum Fico Score
3.5%
Minimum Down Payment
1.75%
(MIP)
1.75% up front Mortgage insurance premium if the base loan amount plus monthly MIP
2%-6%
Closing cost of the purchase price

Product Highlights

  • Down payment as low as 3.5%
  • More lenient credit restrictions
  • Choose between a 15-year and 30-year term
  • Fixed or variable interest rates available

Documents Needed

  • Drivers License
  • W2's- Last two years
  • Paystubs- Two most recent
  • Bank Statements- Two months
  • Tax Returns- Last two years (For self-employed only)