getting approved for a home loan

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You can get pre-approved for a FHA home loan with a 500 credit score, and 10% down. If you have a 580 credit score you can get approved for an FHA loan with a 3.5% down payment. This is why fha-insured home loans are the most popular mortgage among first-time homebuyers , and buyers with bad credit.

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easiest home loan to qualify for Mortgage Checklist – The Home Loan Application Process – Our mortgage checklist gives you a good overview of the home-loan application process. We start at the very beginning, walking you through each step along the way.

Before you can get serious about buying a home, you need to get pre-approval for a mortgage. Learn what you need to speed up the approval process.

Getting mortgage approval could be easier than you think – So what does it take to get approved for a mortgage to buy a house this summer, whether you’re a first-timer, planning to move up or downsize? Maybe not all that you think. For most people, the key.

Documents Needed to Get Pre-Approved for a Home Loan. In order to get pre-approved for a mortgage loan you will need the following documents. 1. income verification You will need to provide proof of your income to the loan officer. In the form of W2’s, Pay stubs, and/or Tax returns.

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