Most lenders require your total mortgage payment is less than 28% of your total monthly household income.
Your total debt payments including your mortgage, credit cards, vehicle loans, and student loans should be less than 36%
Common Finance Options
Lissethe Grana Lee
8191 College Parkway, Ste 302
Fort Myers, FL 33919
- Non doc loans
- Banks statement programs
- ITIN programs
- Foreigner national programs.
FHA Loan Requirements
- 500-579 FICO score requirement with 10% payment
- 580+ FICO score requirement for borrowers with at least 3.5% pay
- An evaluation must be done by an approved FHA appraiser.
- Mortgage insurance (MIP) is required
- Stable employment and be able to prove income with recent tax returns, W2, and check stubs
- Two years of work in the same company.
- No occupation co-borrowers allowed
- At least 18 years old
- Must occupy the house as the main residence
1342 Colonial Blvd, Ste H60
Fort Myers, FL 33907