FHA Loans In Chicago

If you are credit-score challenged or have a low to moderate income, you may qualify for a government-backed FHA loan. Your Chicago dream home is attainable.

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The Benefits Of An FHA Loan

Affordable Interest Rates

The interest rates on FHA loans remain the same, no matter what your credit score is.

Lower Credit Scores OK

FHA credit score requirements are much less restrictive than conventional loans.

Low Down Payment

Depending on your credit score, the required down payment can be as low as 3.5 percent.

No Income Limits

If you have a high income but also credit problems, you may still qualify for an FHA loan.

Do I Qualify?

Here are the requirements if you’re considering applying for an FHA loan.

  • Minimum Credit Score Of 580 With 3.5% Down
  • Credit Score Of 500 To 579 With 10% Down
  • Debt-To-Income Ratio No Greater Than 43 Percent
  • Mortgage Insurance Premium Required
  • Home Must Be Your Primary Residence
  • You Must Have A Steady Income

Frequently Asked Questions

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Why We Do What We Do

Communication, respect, and responsiveness are very important to me and I cannot say enough about Kevin and MacAsh when it comes to these attributes. I highly recommend them not only for this but for the superior rates he was able to secure me. Great communication every step of the way via email, call, and text.
jsilva125, Chicago, Illinois

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