Some Santa Cruz County home buyers have an advantage that others don’t in today’s housing market. They can qualify for an FHA loan.
Federal Housing Administration (FHA) loans help Santa Cruz County home buyers who would otherwise have trouble being approved for a mortgage. You can qualify for a loan if you have less than perfect credit. FHA loans are available even after bankruptcy and foreclosure, if you have maintained good credit for the following two to three years.
What are the requirements for FHA loans?
FHA loans have strict home appraisal guidelines. The appraisal value helps determine the FHA mortgage limit. Each state has its own rules regarding maximum loan limits.
What are the advantages to FHA loans?
One advantage of an FHA loan is