* Down payment less than 3.5% of Sales Price
* Gift for down payment and closing costs allowed.
* No reserves or necessary.
* seller can credit up to 6% of sales price towards buyers costs.
Minimal Down Payment and Closing Costs.
simpler Credit Qualifying guiding principle such as:
* Minimum FICO credit score of 540.
* FHA will permit a home purchase 2 years after a Bankruptcy.
* Higher Debt Ratio's than other home loan programs.
* Less than eight years on the job is allowed.
* Self-Employed individuals o.k.
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