(310) 919-4061
23241 Ventura Blvd, Ste. 217, Woodland Hills, CA 91364
(310) 919-4061
23241 Ventura Blvd, Ste. 217, Woodland Hills, CA 91364
The main difference between a FHA Loan and a Conventional Home Loan is that a FHA loan requires a lower down payment, and the credit qualifying criteria for a borrower is not as strict. This allows those without a credit history, or with minor credit problems to buy a home. FHA requires a reasonable explanation of any derogatory items, but will use common sense credit underwriting. Some borrowers, with extenuating circumstances surrounding bankruptcy discharged 3-years ago, can work around past credit problems. However, conventional financing relies heavily upon credit scoring, a rating given by a credit bureau such as Experian, Trans-Union or Equifax. If your score is below the minimum standard, you may not qualify.
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See what our clients are saying:
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 1586655
www.nmlsconsumeraccess.org
23241 Ventura Blvd. Ste. 217
Woodland Hills, California 91364
Phone: (310)919-4061
lotusmrinc@gmail.com
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