How do I qualify for a Safe Secure FHA loan?  

First contact an approved, trustworthy FHA loan officer , preferably one that is knowledgeable about FHA Modernization Act . FHA loans are a great, flexible alternative to conventional Fannie mae loans.

To qualify for an FHA loan, you should be able to demonstrate employability, job stability and reliability. To the FHA, reliability includes holding a steady job for at least two years with the same company or employer and increasing or maintaining consistent income. As an FHA lender, we would like to see that any foreclosures or bankruptcies on your record are at least three years old.

The FHA loan bottom line: demonstrate that you have been a good credit risk for two years or more and you will have a much better chance at qualifying for an FHA loan.

The FHA asks for a lot of information on your FHA loan application. You will need to provide the FHA with a wide range of details including :

Our many professionals are eager to help witha FHA Mortgage Loan whether you are purchasing or refinancing. You can read about our most popular mortgage products in loans we offer. . .more

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The Economic Stimulus Act of 2008 allows FHA to insure loans on amounts up to 125 % of the areas median house price, supposing that amount is between the new national minimum ($271,050) and maximum ($729,750). The new minimum and maximum loan limits are based on 65 percent and 175 percent of the conforming loan limits for Government-Sponsored Enterprises in 2008, which is $417,000. The FHA loan govenors used a combination of existing government data sets and available commercial information to determine the median sales price for each area. The change in loan limits are applicable to all FHA-insured mortgage loans endorsed with HUD's publication of the increased loan limits today, and it will lasts until December 31, 2008.