FHA Home Mortgage Loan Interest Rates

5 Responses to “Can you qualify for a FHA home loan if you are on any sort of government assistance?”

1. Professional Peon says:

   January 24, 2010 at 11:54 am

   I suppose it would depend on what kind of help you are on. If you have government insurance then I don’t see how it would be a problem. But if you lie about what you make to qualify for benefits, then show your right earnings on a mortgage application you are just asking for distress.

   Hard to say without additional information.
2. mccray_51 says:

   January 24, 2010 at 12:29 pm

   If you have a 620 fico or better, 3.5% down, no open collections of any type including medical. Your debt to income ratio (bottom) not over 42%.

   FHA, as with other programs, has undergone a drastic change regarding qualification guidelines. I would check in your area for a broker that maybe able to help you in deciphering the rules.
3. Mac says:

   January 24, 2010 at 12:48 pm

   Recenlty my friend got home loan of 500000$ for 25 years on 1.5% which should be paid annually my friend doesnt have excellent credit his credit score is below 500 but still he got loan.
   I questioned him how you got ?
   He told me while i was searching on internet for Home loan with Terrible credit he found a site which contains about 8 links for terrible credit so i checked all of them one by one .

   go to

   http://www.dixiloan.com

   > Home loan

   Note each link contain different interest rates and repayment period.

   Take Care
   Bye!
4. My Take on It says:

   January 24, 2010 at 1:02 pm

   And what help would you be on?
5. Loan Modification says:

   January 24, 2010 at 9:55 pm

   Many people need loan modifications as the foreclosure rate keeps climbing. Unfortunately, the Obama’s plot does not seem to work properly. For this reason,you really need a specialist who can help you renegotiate the terms with your lender.

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