We Fund Lending
NMLS# 1869170
Copyright © . We Fund Lending. All Rights Reserved.
877-909-3386
wefundlending@gmail.com
13023 100th Avenue NE, Kirkland, WA 98034
wefundlending@gmail.com
13023 100th Avenue NE, Kirkland, WA 98034
NAERB, LLC dba
Learn About our Loan Options
FHA Loan
Qualifications:
Federal Housing Administration (FHA) loans require a down payment of at least 3.5%
if you have a credit score of 580 or higher.
If you can make a down payment of at least 10%, then the credit score can be in the 500 - 579 range and still qualify for an FHA Loan.
Benefits:
Low down payments
FHA loans don’t require you to put a 20% down payment in order to purchase a home. Gift funds can also be used if you have a gift letter and get approval in the underwriting process.
Excellent interest rates
FHA loans offer lower interest rates than many other loan types. Several factors can affect your interest rate, such as your income, credit score, down payment, amount
of payment borrowed, and the loan term.
Easy credit rules
While many loan types require a credit score of 620, you can qualify for an FHA loan with a credit score of 580.
Flexible Debt-to-Income (DTI) requirements
DTI requirements compare your monthly debt payments to your income. According to the FHA, your DTI shouldn’t exceed 43%. However, DTI requirements can be higher or lower depending on your credit score and cash-on-hand.
Federal Housing Administration (FHA) loans require a down payment of at least 3.5%
if you have a credit score of 580 or higher.
If you can make a down payment of at least 10%, then the credit score can be in the 500 - 579 range and still qualify for an FHA Loan.
Benefits:
Low down payments
FHA loans don’t require you to put a 20% down payment in order to purchase a home. Gift funds can also be used if you have a gift letter and get approval in the underwriting process.
Excellent interest rates
FHA loans offer lower interest rates than many other loan types. Several factors can affect your interest rate, such as your income, credit score, down payment, amount
of payment borrowed, and the loan term.
Easy credit rules
While many loan types require a credit score of 620, you can qualify for an FHA loan with a credit score of 580.
Flexible Debt-to-Income (DTI) requirements
DTI requirements compare your monthly debt payments to your income. According to the FHA, your DTI shouldn’t exceed 43%. However, DTI requirements can be higher or lower depending on your credit score and cash-on-hand.
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The content provided is for informational purposes only and should not be interpreted as mortgage, tax, or investment advice. Although the content is deemed to be accurate, it is not guaranteed to have no errors.
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Loan Types
We provide a wide selection of loan products unique to each client’s situation. Learn about different loan types and find the one that works best for you.