KIDDIECONDOLOANS.COM LENDER HOTLINE: 888-581-5008 The FHA offers great programs for first time home buyers, but they don’t just offer benefits to first time home buyers. The FHA can help anyone with extenuating circumstances and even those who may think they are ineligible for help and the kiddie condo loan is great for those college students buying for the first time. More Lenient Credit Guidelines Most conventional loans will require a credit score of 680 or higher in order to be eligible for low-interest rates. The FHA loan, however, focuses on more of your credit history than your actual score. Little to No Money Down Most FHA loans will allow a lender to cover the closing costs. This is great news for you, this means your closing costs can be rolled into your mortgage and leaves you will little or even no money due at closing. DEBT-TO-INCOME RATIO FLEXIBILITY FHA kiddie condo loans don’t have quite as strict rules regarding your Debt to income or DTI ratio. Meaning, if you are over the conventional limits, you may have other options with an FHA loan. This can be a great option for those borrowers who have more debt than they should, yet know they can afford a mortgage payment. Refinancing a Kiddie Condo Loan If you want to refinance your kiddie condo loan into a lower rate in the future, the process with the FHA makes it much simpler. You won’t be required to go through all the same long steps as you did when you first applied for the kiddie condo loan through the FHA. You won’t be required to verify your income or employment and your credit won’t even be looked at.

1. KIDDIE
CONDO
LOAN
BENEFITS
KIDDIECONDOLOANS.COM
LENDER HOTLINE: 888-581-5008

2. The FHA offers great programs
for first time home buyers, but
they don’t just offer benefits to
first time home buyers. The FHA
can help anyone with extenuating
circumstances and even those
who may think they are ineligible
for help and the kiddie condo
loan is great for those college
students buying for the first time.
KIDDIECONDOLOANS.COM
LENDER HOTLINE: 888-581-5008

3. More Lenient
Credit Guidelines
Most conventional loans will
require a credit score of 680 or
higher in order to be eligible for
low-interest rates. The FHA loan,
however, focuses on more of your
credit history than your actual
score.
KIDDIECONDOLOANS.COM
LENDER HOTLINE: 888-581-5008

4. Little to No Money Down
Most FHA loans will allow a lender
to cover the closing costs. This is
great news for you, this means your
closing costs can be rolled into
your mortgage and leaves you will
little or even no money due at
closing.
KIDDIECONDOLOANS.COM
LENDER HOTLINE: 888-581-5008

5. DEBT- TO- INCOME
RATIO FLEXIBILITY
FHA kiddie condo loans don’t
have quite as strict rules
regarding your Debt to income
or DTI ratio. Meaning, if you are
over the conventional limits, you
may have other options with an
FHA loan. This can be a great
option for those borrowers who
have more debt than they
should, yet know they can afford
a mortgage payment.
KIDDIECONDOLOANS.COM
LENDER HOTLINE: 888-581-5008

6. Refinancing a Kiddie
Condo Loan
If you want to refinance your kiddie
condo loan into a lower rate in the
future, the process with the FHA
makes it much simpler. You won’t
be required to go through all the
same long steps as you did when
you first applied for the kiddie
condo loan through the FHA. You
won’t be required to verify your
income or employment and your
credit won’t even be looked at.
KIDDIECONDOLOANS.COM
LENDER HOTLINE: 888-581-5008

7. KIDDIECONDOLOANS.COM
L E N D E R H O T L I N E : 8 8 8 - 5 8 1 - 5 0 0 8
C L I C K H E R E
T O L E A R N M O R E
B M
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8. Justin McHood is Americas Mortgage
Commentator and has been providing
Mortgage commentary for over 10 years.
INFORMATION PROVIDED BY:
Justin McHood
MORTGAGE COMMENTATOR
KIDDIECONDOLOANS.COM
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