How to Get a Mortgage Loan: A Step-By-Step Guide for First-Timers
HomeLight
MAY 27, 2021
FHA loans are backed by the Department of Housing and Urban Development and accept credit scores as low as 500. However, you’ll have to pay for mortgage insurance for at least 11 years, depending on your down payment size — most FHA loans require mortgage insurance for the entire life of the loan. with a score above 580.
Let's personalize your content