Now an agency within HUD, the Federal Housing Administration creates opportunities for Americans to own homes. The FHA gives them the security they need to lend to first-time buyers who might not be able to qualify for conventional loans.
The people at FHALoan.com specialize in getting FHA mortgage loans for our customers. We offer a full menu of FHA mortgage products focused on meeting your home financing needs. Our free pre-approvals give you the comfort you need to shop for your home with confidence. We make getting loans fast, easy and convenient.
Q: What is the debt-to-income ratio for FHA loans?
A: The FHA allows you to use 29% of your income towards housing costs and 41% towards housing expenses and other long-term debt. With a conventional loan, this qualifying ratio allows only 28% toward housing and 36% towards housing and other debt.
FHALoan is a private corporation, is not a government agency, and does not make loans.
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FHALoan.com is not a government agency. We do not offer or have any affiliation with loan modification, foreclosure prevention, payday loan, or short term loan services. Neither FHALoan.com nor its advertisers charge a fee or require anything other than a submission of qualifying information for comparison shopping ads. We do not ask users to surrender or transfer title. We do not ask users to bypass their lender. We encourage users to contact their lawyers, credit counselors, lenders, and housing counselors.