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Approximatly how long does a fha mortgage loan take to be approved compared to a convential loan?
This will depend upon your Lender. Some Lenders have FHA underwriters on staff and it shouldn't really take any longer but some FHA loans are handled thru Brokers who do not have the staff and will submit your loan to another company for underwriting. If you have a "special" kinda property... ie... mobile home on perm foundation, condo, private well etc.... it may take longer to get the required inspections or documents required by FHA.
What else can I help you with?
Have you been pre-approved for a mortgage loan?
Yes, have you been pre-approved for a mortgage loan?
Does a mortgage pre approval guarantee a mortgage loan approval?
Pre-approval for a mortgage does not guarantee that you will be approved a mortgage loan. However it does mean that it is very likely that you will be approved when you apply.
Can you get approved with a credit score of 502 with a mortgage?
no.
Am I pre-approved for a mortgage?
To determine if you are pre-approved for a mortgage, you will need to apply with a lender. They will review your financial information and credit history to make a decision.
What does "pre-approved" mean in terms of being approved for a mortgage?
"Pre-approved" means that a lender has reviewed your financial information and determined that you are likely to qualify for a mortgage loan up to a certain amount. It is not a guarantee of final approval, but it shows that you are a strong candidate for a mortgage.
Have you been pre-approved for a mortgage loan?
Yes, have you been pre-approved for a mortgage loan?
Does a mortgage pre approval guarantee a mortgage loan approval?
Pre-approval for a mortgage does not guarantee that you will be approved a mortgage loan. However it does mean that it is very likely that you will be approved when you apply.
Can you get approved with a credit score of 502 with a mortgage?
no.
Am I pre-approved for a mortgage?
To determine if you are pre-approved for a mortgage, you will need to apply with a lender. They will review your financial information and credit history to make a decision.
What does "pre-approved" mean in terms of being approved for a mortgage?
"Pre-approved" means that a lender has reviewed your financial information and determined that you are likely to qualify for a mortgage loan up to a certain amount. It is not a guarantee of final approval, but it shows that you are a strong candidate for a mortgage.
What are the benefits of a swap mortgage compared to a traditional mortgage?
A swap mortgage can offer lower interest rates and more flexibility in payment options compared to a traditional mortgage.
Are you pre approved for a mortgage?
Being pre-approved for a mortgage means that a lender has reviewed your financial information and determined how much money they are willing to lend you for a home purchase.
Can a single person get a mortgage?
Yes. Getting approved for a mortgage depends on your ability to pay, not on your marital status.
When should you get pre-approved for a mortgage?
You should get pre-approved for a mortgage before you start house hunting. This will help you understand how much you can afford and make you a more competitive buyer.
How does one get approved for a zero down mortgage?
One gets approved for a zero down mortgage in a number of steps. You must prove you can afford the mortgage payments, you must have a good credit history, and you must be able to prove your income.
Can I apply for a mortgage if I have been pre-approved?
Yes, you can apply for a mortgage even if you have been pre-approved. The pre-approval process is just the first step in getting a mortgage, and you will still need to complete a full application with the lender.
When do you typically get pre-approved for a mortgage?
You typically get pre-approved for a mortgage before you start house hunting. This process helps you understand how much you can borrow and shows sellers that you are a serious buyer.
