18 Jul Lenders continue to tighten standards on FHA loans so be sure to know all of your options
If you are considering purchasing a new home I suggest you take time to read this very good article regarding FHA loans. The author explains reasons why lenders continue to tighten the standards on qualifying for FHA loans. This is just one more reason to try and save that extra money and put 5% down and go with a conventional loan if you can. The decline in clients using FHA loans conitnues and it is for some of the reasons mentioned in this article. Contact me if you are looking to purchase a home and need contact information for a lender to help you through the process. The lenders I work with are experts in conventional loans, FHA, FHA 203k rehab, DVA, and others.