How To Shop For An FHA Loan

Ask your lender how long they have been doing FHA loans. Many broker shops stopped offering FHA loans during the “subprime” days because it was more expensive to be certified to do them! (An annual audit can cost over $10,000!) Don’t be a TEST case for the lender! (that’s literally a term used by FHA – they make “new” lenders submit cases directly to FHA for review. This will add a minimum of 30 days to your approval!)