FHA Loan Oklahoma | FHA Mortgage Tulsa Oklahoma | Oklahoma FHA Home Mortgage

Qualifying for a Oklahoma home mortgage loan can be difficult, near impossible without a sizable down payment and a moderate credit report. If this describes you and you financial position, an Oklahoma FHA Mortgage loan may be just right for you! There are fewer restrictions for Oklahoma FHA loan qualification in comparison to a standard Oklahoma mortgage loan. Qualifications for an Oklahoma FHA loan are:

• Proven employment status of at least 2 years.
• Steady or increasing income over a 2 year period.
• History of on-time payment. No more than two missed payments on your credit.
• If you've filed for bankruptcy you must wait at least 2 years and have good credit since you filed.
• Those with foreclosures must wait at least 3 years since the most recent foreclosure.
• Monthly mortgage payment should be roughly 30% of your gross income.
• You must pay a minimum of a 3% down-payment.
• Agree to 2.25% in closing costs
• Only certain properties are eligible - single-family homes, condominiums, double-wide manufactured homes, modular homes and 2-4 unit properties.
• The property must be your primary residence.

In our attempt to get our customer friendly services and products in front of more great customers like you, we have put together the following extensive list of tulsa mortgage related services: