February 9, 2011
For first-time home buyers, the FHA loan process seems complicated. The loan application itself requires a great deal of information including credit and employment history, a record of your previous residences, and a list of your verifiable income.
Any home loan application requires this level of detail in order to process the loan correctly, but for some borrowers just getting to that point can be challenge. What does a buyer do when they don’t know who to submit a loan application to?
Fortunately, the FHA guaranteed loan program doesn’t leave a borrower to his or her own devices when it comes to finding a lender. The FHA offers a searchable list of participating FHA lenders in your area.
Joe Wallace has been specializing in military and personal finance topics since 1995. His work has appeared on Air Force Television News, The Pentagon Channel, ABC and a variety of print and online publications. He is a 13-year Air Force veteran and a member of the Air Force Public Affairs Alumni Association. He was Managing editor for www.valoans.com for (8) years and is currently the Associate Editor for FHANewsblog.com.
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