FHA Loan Qualification Tips

Here are some things you can do to improve you debt-to-income ratios to qualify for an FHA loan. Your objective is to reduce your debt-to-income.

1. Pay down/pay off debt like credit cards that show up on your credit report.

2. Teachers should try to get your student loan deferred. ( these payments do not have to be included in your debt if deferred for 12 months).

3. Pay off an auto loan (this is one of the biggest killers on a credit report)

4. Consider a home in a lower price point