• Chris Cucci

Are you thinking about buying a home in Oak Lawn? If so, you'll need to be aware of the FHA loan checklist. This is a list of requirements that you'll need to meet in order to qualify for an FHA loan.

1. You'll need a credit score of at least 580. If your credit score is below 580, you may still be able to qualify for an FHA loan, but you'll need to put down a larger down payment.

2. You'll need a steady employment history. Lenders will want to see that you have a steady income in order to make sure that you can make your monthly mortgage payments.

3. You'll need to be able to prove that you have the ability to make a down payment. The minimum down payment for an FHA loan is 3.5%.

4. You'll need to pay for private mortgage insurance (PMI) if your down payment is less than 20%.

5. You'll need to have a property appraisal done in order to determine the value of the home you're interested in purchasing.

6. You'll need to meet all of the standard requirements for an FHA loan, such as being a U.S. citizen or having a valid Social Security number. #realtor #oaklawn #oaklawnil #listingagent #socialmediaexpert


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  • Chris Cucci

Updated: Oct 22

Looking for a new home in Oak Lawn, IL? Chris Cucci is your local real estate expert! As a top listing agent in the area, Chris has helped countless buyers and sellers navigate the Oak Lawn real estate market. Whether you're looking for your first home or your forever home, Chris can help you find the perfect property. He knows the ins and outs of the Oak Lawn market and can help you get the best possible price on your new home. Ready to start your search? Contact Chris today!




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  • Chris Cucci

Are you thinking about buying a home in Oak Lawn? If so, you'll need to be aware of the FHA loan checklist. This is a list of requirements that you'll need to meet in order to qualify for an FHA loan.

1. You'll need a credit score of at least 580. If your credit score is below 580, you may still be able to qualify for an FHA loan, but you'll need to put down a larger down payment.

2. You'll need a steady employment history. Lenders will want to see that you have a steady income in order to make sure that you can make your monthly mortgage payments.

3. You'll need to be able to prove that you have the ability to make a down payment. The minimum down payment for an FHA loan is 3.5%.

4. You'll need to pay for private mortgage insurance (PMI) if your down payment is less than 20%.

5. You'll need to have a property appraisal done in order to determine the value of the home you're interested in purchasing.

6. You'll need to meet all of the standard requirements for an FHA loan, such as being a U.S. citizen or having a valid Social Security number. #realtor #oaklawn #oaklawnil #listingagent #socialmediaexpert


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