It takes a certain amount of courage to purchase your new home… I take that back. The actual BUYING and picking out a home is a BLAST – it’s that first time sitting in the lobby waiting for the loan officer – or that first phone call with the guy that holds your future in his calculator… especially if you’ve had some credit Boo-Boos! that can be kinda’ shaky!
If you call us, we are probably going to talk to you about an FHA loan. The FHA Loan program was designed for first time home buyers, and since very few of us had a manual on how to handle credit when we were growing up - FHA Guidelines regarding credit are fairly… “understanding.”
Even if you’ve had a bankruptcy, it’s fairly easy to qualify for a FHA loan once you’ve been dismissed. Part of the reason for this is that the government is backing these loans – so they are not risky sub-prime loans, and they require little downpayment (3.5%!)!
If you’ve had some credit issues, but your credit scores are over 580 – you will likely qualify! Call Steve and Eleanor Thorne at Connect With Us on Facebook today to get more information! 919-649-5058
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