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Learn If You Qualify for an FHA Loan Today!

At Citywide Home Loans, we are specialists in FHA loans, whether you are looking to refinance or buy. Let us determine if an FHA loan is the right option for you.

General FHA Qualifications

These are some general qualifications that a borrower must meet if they want to qualify for an FHA loan:

  • A borrower must have a credit score with a bare minimum of 580 or higher.*
  • A borrower must not have declared bankruptcy for at least two years.
  • A borrower must not have had a foreclosure in the past three years unless a special exception is made.
  • A borrower must have no delinquent debts or judgments.
  • A borrower must have two established credit accounts, at least.
  • A borrower must have a debt-to-income ratio of 50% or less.

*Different lenders will have their own credit requirements to offer an FHA loan.

Reach out today to learn if you qualify.

1 (866) 437‑0200

Why should you choose an FHA loan? Here are some of the key benefits:

  • Low Down Payments: They can be as low as 3.5%, depending on the borrower’s credit score.
  • Relaxed Credit Requirements: It’s possible for borrowers with credit scores lower than 580 to qualify for an FHA loan.
  • Lower Interest Rates: FHA loans make it possible for borrowers to get low-interest rates in spite of a low credit score.
  • Loan Can Be Transferred: If a borrower sells their home down the road, the new buyer of the home can assume to the FHA loan.

At Citywide, you’re more than a number.

Your Mortgage Matters

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