Fha Loan With Bad Credit FHA loan benefits and considerations FHA down payments can be lower. An FHA mortgage may require a down payment as low as 3.5 percent. The interest rate may be somewhat higher than that of a conventional mortgage. The buyer may also have to pay monthly mortgage insurance premium with a lower down payment. Required credit scores for FHA loans.
Figuring out how to qualify for a home loan, auto loan, etc. The first step in researching how to qualify for a home loan – or any loan – is to take a long hard look at your finances.
What does it take to pre-qualify for a home loan these days? What does the process involve? You'll find answers to these and related questions in our mortgage.