FHA does require mortgage insurance and an education class (which reduces premiums upfront by 1/4%.
BUT, THIS WOULD BE PERFECT FOR YOU. (you can finance the mortgage insurance)
Your husband might qualify under FHA with his low score, because FHA will take this into consider ... and you may have more income to qualify. CAUTION: There are limits to what $/amount of home you can afford.
Thru 12/31/09 ... FHA is allowing you to purchase a home based on 125% of the median price for the area you choose. IN 2010, IT REVERTS BACK TO 100%
DONNA BELL, BROKER/OWNER OF REALTY RESULTS INC. IN BUS. SINCE JAN. 1974.
firstname.lastname@example.org Phone: 262-695-5744
IF you call us, we would be willing to represent you. We are not just buyer representatives, but ACCREDITED BUYER REPRESENTIVES. That means the past norm of working for the seller no longer applies. It means that we are working directly for you. Metropolitian Milwaukee (Includes more than just Milw. County) is our territory.
I have 2 that I work with. If you want to contact me for names I can provide that info to you.
Realty Executives Integrity
262-9010-0801 or email@example.com