Do I qualify for FHA loan?

FHA loan is specially designed for low income people for whom buying a home at conventional rates is not affordable. FHA loan are most flexible and easy to qualify and are available at low down payments of 5-10%.

at conventional rates is not affordable. These loans are approved by the government so lenders provide these loans at easy rates.

• You should have a steady job with same employer for the past 2 years.
• your income for the 2 years should be same or increasing.
• If you have been bankrupted, then it must be 2 years old and since then you must have proper credit scores.
• You must provide complete information about your employment with complete tax return schedules.
• you must provide bank statements of your savings and your recent credit information and also your personal information.
  

FHA home loans or FHA refinance are easier as compared to other mortgage plans and also very affordable at government guarantees these loans.