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FHA Loan Calculator – How to Qualify for an FHA Home Loan
Are you a first time home buyer? Have you been wondering if you qualify for an FHA loan? FHA loans are a great option for first time home buyers because they have more flexible eligibility requirements. For example, you may be eligible for an FHA loan even if your credit score is not as high as some conventional loans require. Here's a quick rundown of what you'll need in order to qualify: -A minimum credit score of 580 -A down payment of at least 3.5% -Proof of employment and income -A debt-to-income ratio of no more than 57% -An appraisal from an FHA-approved appraiser -FHA mortgage insurance If you can meet these requirements, then you may be eligible for an FHA home loan. For more information on this topic, please visit Todd Uzzell Mortgage Lender at https://todduzzell.com. If you are thinking about buying a home, be sure to check out the Todd Uzzell Mortgage Lender website. We can help you determine if you qualify for an FHA loan and answer any other questions you may have about the home buying process.
