Episode - 056: Everything you need to know about the FHA loan?

In this episode realtor Anthony Luevanos and lender Angel Luevanos cover everything you need to know about the FHA loan. Here are some of the questions they cover:

What is the minimum down payment required?

What is the minimum credit score required?

What is MIP (Mortgage Insurance Premium), and how much?

What is the maximum debt-to-income ratio?

 Does the home need to be your primary residence?

Can you rent a home that is FHA financed?

How can you get rid of mortgage insurance on an FHA loan?

Who is the FHA designed for?