An FHA loan would be a mortgage to purchase a house which would be collateral for the loan. You need at least a 620 FICO score to get a FHA loan, and even that might not be enough.
There are lots of things considered for any mortgage: stable work history, salary, debt to income ratio, other assets, complete credit report, downpayment …..
2011/10/04 at 22:12:47
There is a couple of good comparisons on exactly this topic. read through all of the comparisons here: http://www.loansresources.tk
2011/10/04 at 21:41:12
An FHA loan would be a mortgage to purchase a house which would be collateral for the loan. You need at least a 620 FICO score to get a FHA loan, and even that might not be enough.
There are lots of things considered for any mortgage: stable work history, salary, debt to income ratio, other assets, complete credit report, downpayment …..