You can go one of a couple routes:
1. Use a service like LendingTree - 800-310-1860 to be matched up with several online lenders.
2. Research online lenders such as me and my company and narrow your options down to one or two lenders and use online rate quote forms like you see here: Mike Baker - Loan Officer to get quotes from great lenders.
Whatever you do make sure and research all your loan options. An FHA loan may not be the best for you at the end of the day.
Other ways:
Before applying for an FHA loan who should know about the qualification process:
You should have consistent job, at least for 2 years with an employer.
You can easily apply online for an FHA loan, but before filling out an application online, there are things needs to be looked at, like for various information which is very much required while filling a form. Make sure that you have all the documents ready with you to make it easy to answer all the questions. There are PDF available for online application.
You should have consistent job, at least for 2 years with an employer.
- You should have higher credit score in the past two years. As for an FHA loan the minimum credit score required is 580.
- FHA loans are available for residential purpose. You need to make you that the property you are purchasing is for the live in.
- Generally 3.5% down payment is required for an FHA loan. You need to make sure that you are up with the down payment amount.
You can easily apply online for an FHA loan, but before filling out an application online, there are things needs to be looked at, like for various information which is very much required while filling a form. Make sure that you have all the documents ready with you to make it easy to answer all the questions. There are PDF available for online application.
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