Government FHA Mortgage Programs From Most Lenders Offers Less Than Perfect Credit Loans
Posted on | July 26, 2010 | No Comments
In a recent article on Seeking Alpha, there is a great quote from the Government FHA website explaining that FHA mortgage programs from most lenders are available to those with less than perfect credit.
From the FHA website:
“Why should you choose an FHA loan?
There are many good reasons to choose an FHA loan, especially if one or more of the following apply to you … If you have less than perfect credit: You don’t have to have perfect credit to get an FHA mortgage. In fact, even if you have had credit problems, such as a bankruptcy, it’s easier for you to qualify for an FHA loan than a conventional loan.”
This is exactly what started the who issue in the first place and they are continuing to market and advertise that borrowers with subpar credit have the opportunity to lock in to a home loan. Almost all major mortgage lenders offer an FHA mortgage including Bank of America, Chase, Wells Fargo and CitiMortgage. With many “less than perfect” borrowers looking to gain access to a home loan in the current economic environment we could be looking at more problems ahead. There are even more reasons to be concerned that we will address as the week progresses.
Author: Heather Best
Tags: fha mortgage > government fha mortgage programs > government mortgage > government mortgage offers > less than perfect credit > mortgage lenders
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