· FHA Loans Getting Approved At High Clip. Over 70 percent of FHA loans closed in the month of May, a jump from about 67 percent in the month of April. FHA loans are known as being one the easiest programs to qualify for. Applicants only need a credit score of 580, and downpayments can be as low as 3.5%. Also,
Must be licensed to service mortgage loans in Michigan. Eligible lenders must also have one of the following designations: A FNMA, FHLMC, or federal home loan bank approved seller/servicer, if you intend to originate MSHDA Conventional loans. A fha direct endorsement approved mortgage lender, if you intend to originate MSHDA FHA loans. A VA.
Federal Housing Authority Fha Hud Loan Limits FHA Mortgage Limits – FHA Mortgage Limits Welcome to the fha mortgage limits page. This page allows you to look up the FHA or GSE mortgage limits for one or more areas, and list.