Coral Springs FL

Have The Requirements For FHA Loan Increased Since The Beginning of COVID-19?

Based on my credit history, what are my chances of getting an FHA loan? This is a question that many people are asking in the aftermath of the COVID-19 pandemic. Many individuals are obliged to seek a home even in the direst of circumstances. What should you know about FHA prerequisites since the onset of the pandemic? The Credit Restrictions Have Been Increased The COVID-19 lockdowns had a huge impact on lots of borrowers. Also, many more benefited from mortgage forbearances. This placed the mortgage sector and FHA applicants under strain. The FHA has not modified its guidelines, in response to the COVID-19 outbreak and the recession. However, numerous lenders have raised the minimum credit score necessary for FHA loans. Many lenders now need a credit score of at least…

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