FHA Home Loan Pre-Qualification in Albuquerque, NM
Knowing whether or not you will qualify for a home loan can make your budget uncertain. At Infiniti Mortgage, LLC, we take the uncertainty out of the equation by pre-qualifying you for an FHA loan from one of our partner lenders. You’ll know whether or not you qualify and what you might qualify for during your first meeting with a loan officer from Infiniti Mortgage, LLC.
FHA Loan Qualifications
FHA home loans are targeted towards first-time home buyers and those who have less than perfect credit scores. You may meet FHA home loan qualifications if you have:
- A credit score of 620 or above
- A 3.5% down payment or greater
- Two years of employment or more
Your loan officer will go through the details of FHA home loans during your meeting. Our licensed loan officers will help you understand the advantages and disadvantages of the program so you can make the best decision possible for your family.
Alternatives to FHA Home Loans
Depending on your credit history, financial situation and employment record, you might have options in addition to an FHA home loan to consider. Your loan officer will present possibilities, such as VA home loans or a conventional mortgage, that might also work for your family. They will help you secure the lowest interest rates and best terms possible.
The expert loan officers at Infiniti Mortgage, LLC can determine whether or not you pre-qualify for an FHA home loan at your face-to-face consultation. Contact us today to schedule an appointment with a loan officer fromInfiniti Mortgage, LLC.