currently an FHA loan is the best option for most home buyers with little money down. But there are limits on the price of the home….
New Lower Minimum Loan Scores Allowed for FHA Financing
New guidelines for FHA financing. The positive news is that anyone who needs a mortgage and has a 600 or less credit score may qualify for FHA financing based on the below criteria. Unfortunately, if you have gone through a short sale process and still have a credit score above 500, you will not qualify […]
NEW FHA loan limits for Tampa, St. Petersburg Area!
GREAT NEWS!!!! We are now able to use last year’s maximum loan limits on FHA which in Hillsborough, Pasco & Pinellas is $292,500 (much better than the &$271,050 we were rolled back to). Don’t forget about the 8,000 tax credit for home buyers. This is not just first time home buyers, it is for anyone […]