FHA Loan in Ohio

FHA Loan in Ohio: Everything You Need To Know About FHA Mortgages

In 2020, the Federal Housing Administration endorsed 1.3 million home mortgage loans. While the FHA’s share of the market decreased since 2019, it still comprises a significant portion of the housing market. FHA loans are the second most popular mortgage program in the United States. Only conventional loans are more popular. FHA loans are very popular for first-time homebuyers, buyers with higher debt to income ratios, and borrowers with less than perfect credit and lower scores. The minimum credit score for a 3.5% down payment home purchase FHA loan is a 580 credit score. HUD, the parent of FHA allows people with credit scores down to a 500 FICO to qualify for an FHA loan. However, if your credit score is under 580 FICO and down to a 500 credit score, you need a 10% versus a 3.5% down payment to qualify for an FHA loan.

FHA Loan Ohio Policies and Programs

The FHA is a federal program. But, many states strengthen FHA options with their own programs. Ohio has multiple policies, programs, and agencies in place to empower FHA applicants.

Some of these programs are region-specific. That is, only residents of specific counties are eligible for certain programs. You must be a U.S. Citizen and Ohio resident for over two years to qualify for these programs.

🟢 Read more https://gustancho.com/fha-loan-in-ohio

👍🏻 We specialize in loan programs such as:
- FHA, VA, USDA, Conventional, Jumbo and NON-QM

Need a mortgage or want to chat about your scenario❓
CALL ME NOW📱!
Here is how to contact me:

✅ The Gustan Cho Team at 800.900.8569 or send a text message for a faster response.
Or write to us at contact@gustancho.com. We are available 7 days a week, in the evening, on weekends and holidays 📱 📧

❗️❗️✅✅✅ APPLY NOW ✅✅✅❗️❗️
https://gustancho.com/fast-quote

✅ ***** Follow me ***** on Social Media
1) Facebook - https://www.facebook.com/TheGustanCho...
2) Facebook - https://www.facebook.com/alexcarlucci...
3) Official Website - https://gustancho.com

✅ Be sure to subscribe for more:
https://www.youtube.com/c/GustanChoAs...

💰 ALEX CARLUCCI - SVP, Mortgage Banker, NMLS# 229891💰
✅ STATE LICENSES:
- Alabama
- Colorado - 100511536
- Florida - LO40799
- Illinois - 031.0026265
- Indiana - 38913
- Michigan - 229891
- Mississippi
- Pennsylvania - 72654
- Tennessee - 200345

✅ COMPANY STATE LICENSES:
- Alabama, California, Colorado, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Michigan, Mississippi, New Jersey, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Washington

✅ Equal Housing Lender - www.nmlsconsumeraccess.org

Thanks for watching❗️

✅ All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Loan Cabin, Inc. and GCA do not guarantee the quality, accuracy, completeness, or timeliness of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Loan Cabin, Inc.. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.

✅ Copyright © 2021 - Loan Cabin, Inc. NMLS 1657322 DBA Gustan Cho Associates.
Address: 1910 S Highland Ave, Suite 300 Lombard, IL 60148

#fhaloan #fhaloaninohio #fhaloanohio #mortgageprograms #housingfinance #fhafederalprogram #uscitizen #500fico #creditscore