Getting Pre-approved for a FHA loan          

Getting pre-approved for your loan is one of the most important steps in your home buying process. Many people rush out and make an offer on a home only to find out latter that they can not qualify for the loan or loan terms do not match the purchase terms.

By spending as little as 30 minutes with you FHA loan officer before you go looking at a home, will save and immense amount of time and unwanted stress.

At this meeting your loan officer should be asking to see you income documentation and should review your credit report with you. If there are credit problems, they should explain what needs to be done to correct the credit problems or what documentation is going to be needed to support the misinformation on your credit report.

If you know that your loan is going to be difficult, you should start working with your loan officer 2-3 months before you want to move. Do not wait until the last minute.

Once you are pre-approved, you may go out looking for a home to purchase. Your Loan officer would be able to provide you with a written pre-approval letter to give to your Realtor. If you do not have a Realtor, ask your Loan Officer for a recommendation. They will probably know Realtors that specialize in working with First Time Buyers. If you find a Realtor through another source it is important that they understand FHA loans and how they work. Ask them how many they do a year. Also, your Realtor and Loan Officer should speak with each other BEFORE you enter into any purchase contract.

To start the pre-approval process, click this link: GET PRE-APPROVED NOW