Quantcast

If you have erroneous items on your credit rating, challenge them in writing with the major credit reporting agencies. Be sure to get resolution before you begin work on the FHA mortgage. If you have multiple credit cards, try to pay them down and get rid of one or two of them.

FHA Mortgage Loan Rates

August 18, 2019
FHA Rates for August 18, 2019
Compare 30 Year Fixed Mortgages
Compare 15 Year Fixed Mortgages
Use our mortgage calculators
to see what you can afford!
Get started one
Get started two
Get started three
Get started four
FHA.com is a privately owned website, is not a government agency, and does not make loans.

Choose a Loan Type

then
get
your

Your Credit Score

Do you know what's on
your credit report?
Get Credit Score Button
Get Credit Score Button
FHA.com is a privately owned website, is not a government agency, and does not make loans.

How Can I Improve My Credit Rating?

FHA Common Question #14

One of the most important aspects of getting your credit rating in shape before applying for an FHA home mortgage is time. If you believe your credit is in poor shape, you'll want to establish payment reliability over a period of at least one year before starting your FHA loan paperwork.

Another smart idea is to eliminate your debt potential. If you have multiple credit cards, try to pay them down and get rid of one or two of them. This can improve your credit rating by showing you have less potential debt waiting to happen. The FHA loan process hinges on a good credit report.

If you have erroneous items on your credit rating, challenge them in writing with the major credit reporting agencies. Be sure to get resolution before you begin work on the FHA mortgage. You may need several months to clear up contested entries on your credit report-its best to begin the contesting process early.

NEXT:  What is FHA Mortgage Insurance?

SEE YOUR CREDIT SCORES   From All 3 Bureaus  

Do you know what's on your credit report?

Learn what your score means.


GET STARTED

FHA Loan Articles and Mortgage News

FHA Home Loan Rules: First-Time Home Buyers

August 9, 2019 - What are the FHA home loan rules for first-time home buyers? If that seems like a trick question to you, you’re on the right track. There are NO FHA home loan rules that pertain exclusively to first-time home buyers.

What Does Your Monthly FHA Mortgage Include?

August 8, 2019 - If you are in the planning stages for an FHA home loan, it’s important to begin budgeting for your home loan-related expenses including appraisal fees, home inspection fees, any required pest control, hazard insurance, and other costs.

Do You Need to Know Your Credit Score?

August 6, 2019 - FHA requirements say that borrowers with FICO scores between 500 and 579 are technically eligible for an FHA mortgage but would be required to put a higher amount of money down. The down payment requirements from the FHA (not the lender) in these cases is 10%.

How Alimony and Child Support Affect Your Debt Ratio

August 5, 2019 - If you have monthly financial responsibilities that include paying alimony or child support, there are FHA loan rules your lender will use to determine how such payments affect your debt ratio. How do these factors affect an FHA home loan approval?

FHA Streamline Refinance: No Verification of Job, Income, or Credit

August 4, 2019 - FHA Streamline Refinances have no FHA-required credit check, appraisal, or job verification in most cases. But there IS a credit-qualifying version of the FHA Streamline, and some lenders may only offer that version while others may provide both. 

FHA.com Reviews

FHA.com is a one-stop resource for homebuyers who want to make the best decisions when it comes to their mortgage. With our detailed, mobile-friendly site, individuals can access information about different FHA products, the latest loan limits, and numerous other resources to make their homebuying experience easier. Take a look at some of the reviews from other FHA.com visitors!