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Replies (4)
- Matthew T. Smoot, "Matthew Smoot"
- Contributions:83
As long as your credit score meets FHA guidelines you should be able to. There are two great programs available now for first time buyers: CDA and FHLB. Only certain lenders are affiliated with these grants, please feel free to contact me so that I can go over the basics with you and put you in touch with a lender offering the best interest rates and these programs.
- James Ryan, "GreatRateFolks"
- Contributions:1038
Hi sexywinter...
This question is best answered by your chosen professional banker or loan officer that can review your entire loan application. Although a 640 score technically qualifies for an FHA loan product, there are MANY other factors that must be considered before a definite answer can be given.
I also think it is problematic to quote a rate with your limited information here in your question. Rates have gone up rapidly over the last week or so, and without knowing your time frame, to quote you a rate is irresponsible.
4.375 is definitely available, and if you can qualify for that rate, then you may be able to get it.
Jim, HSOA, Chantilly, VA
This question is best answered by your chosen professional banker or loan officer that can review your entire loan application. Although a 640 score technically qualifies for an FHA loan product, there are MANY other factors that must be considered before a definite answer can be given.
I also think it is problematic to quote a rate with your limited information here in your question. Rates have gone up rapidly over the last week or so, and without knowing your time frame, to quote you a rate is irresponsible.
4.375 is definitely available, and if you can qualify for that rate, then you may be able to get it.
Jim, HSOA, Chantilly, VA
- Maria Avellaneda, "MAvellaneda"
- Contributions:274
The answer is the loan company has the decision power, but you can shop around. Good luck!
- Lanre Folayan, "Lanre Folayan"
- Contributions:74
FHMLB will do a 5:1 match for up to $7,500. Example if you contribute $1,000 towards your down payment,it will be 1,000 x 5 match=$5,000. For more information on the $7,500 please give me a call or text me. Good luck to you.
I WILL BE A FIRST TIME HOME BUYER APPLYING FOR A FHA LOAN WITH HELP OF A PROGRAM THAT WILL ASSIST ME
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