First time home buyer, how do I apply for FHA?

you will have to complete a loan application. do you know your credit scores?

The best advice I can give you is to contact a mortgage bank/broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with a Banker/Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the banker/broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the big box banks. I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

As mentioned in the responses from Bonita and William, you need to discuss your scenario with a loan officer. He/She will then be able to determine if you qualify for a FHA loan and if that is the best program options for your situation. Please feel free to contact me anytime to discuss the programs available. 251-609-3770 or email me at Tom@thamesjackson.com. Look forward to hearing from you.

Good answers. A common misconception is that FHA loans are offered and approved by a government organization. They are not. You need to contact a licensed LO (loan originator) who works for a bank, mortgage lender or broker that can review 3 things: your credit, income and assets. By reviewing those 3 things that LO can find out if an FHA loan is your best option or possibly a DIFFERENT loan product with less down. I'm licensed in MN, WI, IN, MA and AZ and specialize in working with a couple "government programs" that are zero down. #261849 SBrandMN.com or MilitaryMortgageGuru.com