Michigan FHA Home Loan Guidelines for 1st Time Home Buyers. Video Three Income and Debt Expectations.

To find out more about Michigan Fha income and debt requirements call (248)-674-6457.

Income and debt ratios take on an important roll in qualifying for a Michigan FHA Loan. This is the 3rd youtube video in a series of 4 addressing the Michigan FHA mortgage requirements. This particular brief video covers the income and debt ratio requirements for the Michigan FHA loan being compared with some other financing solutions. 1 of the crucial points to Michigan FHA lending is the fact that debt ratios can possibly be expanded to more than 50 % as well as a non-occupant co-borrower could be put on the mortgage to ensure the debt ratios work.

To discover more relating to the Michigan FHA Loan requirements you can surely view any one of the web videos listed below;.

Part I - Michigan FHA Home Mortgage Credit Qualifications; http://youtu.be/YLLWM-C5aEI Part II - Michigan FHA Home Mortgage Down Payment Qualifications; http://youtu.be/kuyM_WBjV_Y

michigan fha loan requirements

Supplemental reading: http://hud.gov/fha