Minimum Qualifying Credit Scores Has Dropped on FHA Transactions Credit Scores You may know that a couple of years ago FHA and HUD implemented new insured mortgage lending standards. These standards improve the minimum qualification requirements for the benefit of borrowers. These new standards stipulate: The MID FICO score of 580 or higher can qualify you
The Best Manufactured Home Loans Manufactured Home Loans First things first, so let’s start defining manufactured homes. A manufactured home or for short an MH is a housing unit built mostly off-site. Then the owner must transport the MH to a piece of property where it is to remain. Manufactured houses are considerably less expensive when compared
Zero Down Mortgage for First Time Homebuyers A Zero down mortgage is available in Nevada through Home Is Possible™. Buy a home & put your hard earned money towards your future rather than paying someone else's mortgage through rent. What's even better about this particular grant is that it works for those who aren't a
Teacher Mortgage Giving back to the community is exactly what teachers do. As a result, it’s time the community gives back to our teachers and in Las Vegas they are! Fear not if you are a first time homebuyer and need a mortgage. First time homebuyer programs are available as well. How can this benefit me
Mortgage loan types currently available for you? Mortgage Loan Types Fixed rate mortgage loan types. Fixed rate mortgage loans have the same interest rate for the entire repayment period. With the monthly principal portion being also constant you will pay the same amount of money month after month, year after year. 2. Adjustable rate mortgage