HomeTraq University

Because they are government-backed, Federal Housing Administration (FHA) home loans have attractive interest rates and less stringent qualifications. Loan applicants must meet credit-score and down-payment requirements, and show proof of employment and a steady income. An appraisal of the home by an FHA-approved appraiser is also required.  Following are five features of FHA loans first-time homebuyers should consider while weighing their financing options. More flexible credit guidelines give more purchase power  Low Down Payment - as little as 3.5% down on single family residence, 2-4 units and FHA approved condominiums  100% gift allowable for down payment  Lower credit requirements. 580 minimum FICO credit score.  Competitive market rates  No income restrictions  Limited tradelines needed  Higher debt-to-income ratios approval  Shorter waiting period for major credit events like bankruptcy FHA loans are Transferable to p...

HomeTraq is a mobile optimized website which is designed to function like an app on all mobile devices. One of the big benefits is you do not need to download another app or upgrade your software just to use HomeTraq. To save an icon on your homescreen so you can easily access HomeTraq following these instructions. STEP 1: Go to https://HomeTraq.com on your mobile device. STEP 2 : Scroll down to the bottom of the screen and click on the "share" icon.   STEP 3: Scroll to the right over the bottom bar of icons until you see the "Add to Home Screen" button and then click. STEP 4: Click the "Add" button to add the icon to your homescreen.