What is an FHA loan. do have flexibility beyond pure credit score to look at the borrower’s financial situation,” Bott said. Minimum down payment is 3.5 percent: The FHA requires a down payment.
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Just ask Cheryll LeBlanc, a loan officer at Fairway. Watch: 3 Things You Should Never Say When Buying a Home The post 5 Things You Should Never Say When Getting a Mortgage appeared first on Real.
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That’s why it has never been so crucial for borrowers to stay on top of their game after. sure things are moving as expected," Carson says. There will be a waiting period when there’s not much the.
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Borrowers with FHA loans pay for mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan. Why an FHA loan? Because of that insurance, lenders can – and do..
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