Mortgage Information Comes With Your Good Faith Estimate
Mortgage Information Comes With Your Good Faith Estimate
May 1, 2022
fha.com
Is an FHA loan actually for you? Most buyers hear “3.5% down” and stop there — but FHA isn’t for everyone. Here’s who it DOES make sense for 👇 ✅ First-time buyers ✅ Credit scores ~580 ✅ Limited savings ✅ Higher DTI ✅ Need flexible guidelines And who it does NOT 👇 ❌ Strong credit large down payment ❌ Buyers avoiding mortgage insurance ❌ Short-term owners FHA can be a powerful tool if you use it the right way. The wrong loan choice can cost you tens of thousands over time. 💬 Comment “FHA” and I
1:08
Is an FHA loan actually for you? Most buyers hear “3.5% down” and stop there — but FHA isn’t for everyone. Here’s who it DOES make sense for 👇 ✅ First-time buyers ✅ Credit scores ~580 ✅ Limited savings ✅ Higher DTI ✅ Need flexible guidelines And who it does NOT 👇 ❌ Strong credit large down payment ❌ Buyers avoiding mortgage insurance ❌ Short-term owners FHA can be a powerful tool if you use it the right way. The wrong loan choice can cost you tens of thousands over time. 💬 Comment “FHA” and I
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