How can I find out if I qualify for an FHA loan?

Asked by Brandon Young, Metairie, LA Mon Jul 13, 2009

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Kevin, , Texas City, TX
Fri Jul 24, 2009
you need to get yourself evaluated from any loan officer. For further assistance, please visit:
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John B, , Studio City, Los Angeles, CA
Tue Jul 21, 2009
You need to hire a loan officer in your area.

Look at this blog it will help you to learn more about your situation.
I've got most of my answers there as well.

Good Luck.
0 votes
Josie DeGrus…, Agent, Metairie, LA
Mon Jul 13, 2009
Hi Brandon,
I see you have asked a couple of questions from us all. My suggestion would be to pick a Realtor, than go through who they have been finding success with. Craig is a wonderful Realtor, so as myself. Being in the business for 16 years I have made alot of friends and Criag is one of them.I am also able to set you on your way from finding the best fit mortgage loan officer for you to inspectors, plumbing video proffesionals, roofers, HAVC people, Title Companies, sitting down with you to see what exactly you would like in a home and don't want. So whoever you decide, it will be fine. Thanks again for asking gret questions. The rates today were around 5.75 at the highest with no points, good credit. Sellers can assist if you need to go FHA or Conventional.
0 votes
craig miramb…, Agent, Metairie, LA
Mon Jul 13, 2009
Hey Brandon, i think we spoke before through email, shoot me anothger email when you can
I have plenty of options for your lending needs.
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Barbara Q., , Bergen County, NJ
Mon Jul 13, 2009
Brandon- Take a look at the following sites...…

3.5% down payment (can be gift from family member)
Qualifying ratios:

Good luck!
Web Reference:
0 votes
Devan Reaves, , Henderson, NV
Mon Jul 13, 2009
It would be as simple as taking the time to sit down with a qualified professional and allowing him/her to do an evaluation of your current credit and financial status. Typically speaking FHA does not have credit score requirements, but many lenders will not allow anything under a 620 without other compensating factors (time on job, or debt to income ratio (money expensed/money earned the lower the better). At that point in time the lender/broker should be able to put together a prequalification letter stating that based upon their knowledge you should be able to qualify up to a certain dollar amount. If you are able to provide the required documentation that can go from a prequal to a preapproval (highly recommended) meaning that you have been approved for financing up to the specified dollar amount and many are good for 60 to 90 days as long as nothing changes. If you would like to get an ideal of where you stand feel free to contact me.

Devan Reaves
Mortgage Consultant
North American Financial
O: (702) 407-9335
C: (702) 624-3993
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