Eligibility for an FHA mortgage?
Does anyone know how difficult it is to qualify for an FHA loan? I am recently divorced for the second time. My credit was in my first marriage so during my second marriage (which lasted 8 years) have destroyed everything we bought with his winnings. Now I am not so much with negative credit reports, but with a lack of credit assets in progress. I am a little over $ 50,000 per year and have the same job for 21 years had. I’ll be able to put a substantial down payment on my 401k. I read that the qualification requirements for FHA loans continue with relaxed and that bad credit is just a little more in interest rates and higher deposit required. I was wondering if anyone knows firsthand. Thank you