Who
Can Obtain a FHA Loan?
...............................................................................
FHA loan program purpose is to increase homeownership in the United
States. Therefore they have made qualifying for a FHA loan easier than most other loan
programs:
- You can use a FHA loan to purchase or refinance as often as desired
or needed.
- You do not have to be a first time home buyer... this is a
common misconception.
FHA loan program guidelines are as follows:
- you cannot have more than one FHA insured loan at a time, unless the
following:
- the loan to value of your existing FHA loan is less than 75% of
the value of your home, than you can obtain another FHA to purchase another owner
occupied home.
These flexible guidelines help to insure that FHA is helping as many
people as possible become home owners or help those currently owning homes refinance their
mortgages.
Now that you understand "What a FHA loan is", and
"Who can obtain a FHA a loan", start by
 researching the available
FHA Loan programs. |