Good News for Idaho home buyers- Rules for FHA Lending have loosened.

Wanted to share an important article about FHA lending. Many first time home buyers in the Boise Idaho area have had some difficulties acquiring mortgage loans as FICOs and FHA requirements were not compatable. Previously credit scores were needing to be 620 or higher. Seems some rules have changed without much fanfare or notice to the general public.

The article : FICOs and FHA: 2 big lenders loosen up explains how the new changes will affect you if you are a home buyer in Idaho needing and FHA loan and/or if you previously could not qualify you may want to check with your lender to see if your situation now qualifies you to purchase a home.

Call or write if you ever have questions about real estate in the Boise Idaho Treasure Valley area.

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This entry was posted on February 13, 2011 at 10:49 PM and is filed under Boise County Real Estate, Boise Homes, Boise Idaho, Boise Idaho Real Estate, Boise Real Estate, business, financial, home loans, home sales, Idaho Homes for sale, Idaho Real Estate, mortgage, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Good News for Idaho home buyers- Rules for FHA Lending have loosened.”

Boise Idaho Says:
February 14, 2011 at 3:32 AM | Reply
Many lenders say the requirements change daily in the lending world. Your best bet is to sit with lender and your situation to decide what works for you.
Idaho Realtor Says:
February 14, 2011 at 3:59 AM | Reply
Agreed, but you may want to check with your lender to see if the recent changes have improved your ability to buy.

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