FHA Verses Conventional

There are several advantages in FHA over Conventional home loans, the main reason is the credit qualifying criteria for the barrower, and it’s not as strict as with the conventional loan financing.  The down payment required is much less and of the tax credit is a bonus when it comes to first time homebuyers.

One plus with FHA loans is that it will allow the borrower who has had a few “credit problems” or those without much of a credit history to buy a home. An FHA Underwriter will require a reasonable explanation of these derogatories, but will approach a person’s credit history with common sense credit underwriting.

Contact me for more information and to discover if FHA is right for your next home loan.

Jennifer Lampe specializes in FHA loans, mortgage loans, and refinances loans in Surprise, Glendale, Peoria and most areas in Phoenix Arizona.   I am licensed to do loans in 48 states, contact me today for a free analysis.