Steve Goshia Email: HLMTeamSteve@gmail.com
Steve Goshia Email: HLMTeamSteve@gmail.com
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.
Pre-qualify for a loan in a few simple steps
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We've been helping customers afford the home of their dreams for many years and we love what we do.
Highland Lake Marketing, LLC dba Highland Lake Mortgage and Insurance
Company NMLS: Company: Professional Wholesale Mortgage 393922 | Loan Officier: 225487 Regulated by the Colorado Division of Real Estate http://www.nmlsconsumeraccess.org
www.nmlsconsumeraccess.org
107 Mallard Court
Mead, Colorado 80542
Phone: (970) 689-5626
HLMTeamSteve@gmail.com
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