Most common questions used to investigate
Do you have a valid Social Security number?
Is your credit score above 500?
Do you have 2 years of consistent verifiable income with W2's and tax returns if self-employed?
Do you have enough cash to make a minimum down payment (the amount varies from 3.5% with credit score above 580 to 10%)?
Will your mortgage payment, HOA fees, property taxes, mortgage insurance, and homeowner’s insurance
Common conclusions
You will not qualify for an FHA-approved mortgage.
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 your gross income.
You qualify for a mortgage.
References
Related Problems
