FHA Loan Eligibility
Requirements
Generally,
to be eligible for an FHA loan, you must have a valid social security
number and have lawful residency in the United States and be of a legal
age to sign on a mortgage in your state. We will verify income, assets,
liabilities, and credit history for all parties on the loan. With an
FHA loan, you cannot take an ownership interest in a property without
qualifying for the loan.
FHA's mortgage programs do not typically have maximum income limits for
qualifying, although you must have sufficient income to qualify for the
mortgage payment and other debts. Income limits may be present when
qualifying for down payment assistance or other secondary financing
programs (including those funded by HUD) that may be used in
conjunction with an FHA loan.
FHA does not have minimum credit score requirements, although past
credit performance serves as the most useful guide in determining a
borrower's attitude toward credit obligations and predicting a
borrower's future actions. Using FHA's guidelines, lenders will make a
credit determination based on the merits of each case. To find out if
you qualify, and how much you can borrow based on your income and
debts, fill out an FHA
Loan
Application.
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Apply for
your FHA Loan
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Apply by phone
To apply for your FHA loan on a home located in South Carolina call
843-771-7210. |
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Apply online,
by fax, or mail
You can apply for your FHA loan online, by fax, or by mail.
»FHA
Loan
Application« |
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