Remove Bankruptcy Remove Debt-to-income ratio Remove Design Remove Fixed-rate mortgage
article thumbnail

Mortgages with Low Credit Scores - Your Guide to Affordable Home Financing

Realty Biz

In addition to credit scores, lenders also consider factors such as your income, employment history, savings, current debts, and the value of the home you intend to purchase. Demonstrating a stable income, sufficient savings, and a low debt-to-income ratio can strengthen your mortgage application, even with a low credit score.

Finance 97
article thumbnail

FHA Guidelines

Real Estate Finance HQ

FHA lending guidelines are different from those of the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) simply because they’re designed specifically to help low-income prospective home buyers. Housing Ratio. Debt to Income Ratio.