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FHA loan limit – fha home loans have maximum mortgage limits that vary by state and county. FHA down payment – FHA loan guidelines require a minimum down payment of 3.5 percent. FHA property requirements – FHA loans require that the home being purchased meets certain conditions and is appraised by an FHA-approved appraiser.
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Helpful information for California Mortgage Rates Low Interest Rates – Since your credit score isn’t taken into consideration when you apply for a VA loan, you are always going to pay a lower interest rate. For traditional mortgages, a person’s credit score can have a dramatic – and very negative – impact on the rate that they end up paying.
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After my fiancé and I found the home of our dreams, we went through several mortgage brokers that were unable to meet our needs. At the time my fiancé was 8 months pregnant and we had limited time to find someone who could meet our needs and allow us to close on the house before the baby’s due date.