Most common questions used to investigate
Is your credit score above 580?
Do you have 2 years of consistent verifiable income with W2's and tax returns?
Do you have enough cash to make a minimum down payment (the amount varies from 5% to 25%)?
Is your income to expense ratio greater than 38%?
Common conclusions
You will not qualify for an FHA-approved mortgage. Build up your credit score.
You will not qualify for an FHA-approved mortgage. Try again when you have verifiable income.
Save Money and try again when you have enough cash for down payment.
Increase Income or reduce expenses.
You qualify for a mortgage.
References
Related Problems
