What is an FHA loan The whole loan process explained fha va conventional chris the mortgage pro www.ChrisTheMortgagePro.com www.fireyourlandlord.info fire your landlord

  • 6 years ago
The most common loan program and the easiest loan to qualify for is an FHA loan.

It allows low Credit scores and requires only a 3.5% Down payment with a 580 credit score and a 10% down payment with credit scores of 579 and below.

It is also the most lenient program as far as debt to income ratio and qualification.

There are also some strong benefits to the loan as FHA loans are required to have a property in good condition as they are a little more stringent on making sure the borrower is buying a solid property.

in this video Chris talks about details of the mortgage qualification process.

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Want to buy a home in Rancho Cucamonga, Inland Empire, San Bernardino, Riverside, LA County and Orange County? Know that you’re getting the best deal and not making the rookie mistakes when it comes to buying a home. Call the pro.

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Commerce Home Mortgage
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