Does The FHA Loan Impact How Much House I Can Qualify To Buy?

SELF EMPLOYED MORTGAGE LENDERS QUESTIONS AND ANSWERSCategory: FHA QuestionsDoes The FHA Loan Impact How Much House I Can Qualify To Buy?
Thomas Martin Staff asked 5 years ago

Yes and No. The FHA insured loan program offers Loan Limits which are very comparable to those offered via traditional conventional financing. Unlike traditional financing, the FHA insured program does not offer “creative” financing programs that could potentially allow an unqualified borrower to purchase a home they really couldn’t afford. The motto of the FHA insured program is “Disclosure” that not only covers that of a lender, but that of a borrower. If you cannot disclose your income, then you cannot qualify for an FHA loan. To learn more, call us today at 1-954-667-9110.

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