Home Financing

Is 639 a Good Credit Score? A credit score of 639 is generally considered to be in the “fair” range. This means that while your credit score is below average, it is not in the realm of “bad credit” and should not necessarily prevent you from getting certain types of…

Forbearance and Its Impact on Credit Loan forbearance, a temporary reduction or suspension of loan payments, can provide financial relief during times of hardship. However, it is crucial to understand its potential impact on your credit history and scores (Capital One, 2023). Forbearance and Credit Reporting Forbearance can be reported…

Baltimore, Maryland is a vibrant city with a rich history and culture. It is also a relatively affordable place to live, with a cost of living that is 8% higher than the national average. This makes it a great option for people who are looking for a city with a…

FHA Lead Paint Inspection and Repair Requirements The Federal Housing Administration (FHA) has specific guidelines regarding lead paint inspections and repairs for homes financed with FHA loans. These requirements are designed to protect borrowers from potential health hazards associated with lead paint. Lead Paint Inspection Period For homes built before…

Minimum Credit Score The minimum credit score required for an FHA loan is typically 500 or better. However, if your credit score is between 500 and 579, you will need to make a higher down payment of at least 10%. Key Facts Minimum Credit Score: The minimum credit score required…