San Diego FHA Loan qualifications are the same nationwide, meaning that no matter where you are in the United States, you will need to meet the same FHA loan requirement criteria. In order to qualify for a FHA home loan you must have the following: Credit Income Assets There are ways of getting around some of these loan … [Read more...]
Archives for December 2012
What Is A Direct Mortgage Lender?
Welcome to the Mortgage Minute with Maureen Martin! I am sometimes asked what the difference is between an FHA direct and non-direct lender. A direct lender is a lender that is able to loan their own funds to close the loan (that doesn't mean that they will service them, but they will loan their own money). Whereas a broker puts their name on the … [Read more...]
Are FHA Loan Rates in San Diego County Different?
Oftentimes I am asked if FHA interest rates are different in San Diego County. FHA loan rates in San Diego should be no different than anywhere in the country - although each lender has a different profit margin, which will determine the different rates for the different lenders. The region should not dictate the mortgage loan rates. However, with … [Read more...]