As a real estate professional I find it my duty...my job...my responsibility...my desire to know which financing options are available for my buyers in the Whatcom and Skagit County areas.
Although, I'm no expert on conventional financing, I know enough to keep my buyers informed. One of the more increasingly popular means of financing during these tight times is FHA financing. Find out more...FHA Financing - What it is and How it can Benefit you in today's Market!
FHA guidelines are one of the easiest forms of financing to qualify for these days.
FHA loan Qualification Guidelines
- 2 Years of steady, consistent employment
- Last two years Income should be consistent or increasing
- 2 year clean credit history required
- Bankruptcy's must be at least 2 years old, current credit must be good
- Foreclosure's must be at least 3 years old, current credit must be good
- New mortgage payment cannot exceed 30% of gross income
There are great options for FHA all across the board. Contact me for more information regarding financing options in this buyers market. Search for Washington bank owned properties, seller financed properties, lease options, and more.
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