While you are care about-functioning and seeking so you’re able to qualify for home financing in Florida, we had always aid you
While you are care about-functioning and seeking so you're able to qualify for home financing in Florida, we had always aid you Standard Criteria for Care about-Working Financing Credit score. Traditional fund possess stricter credit score standards than just authorities-supported loans (ex: FHA money), and personal funds are not credit rating motivated. Credit rating. Just like the a couple-season laws regarding your money, you will additionally need to prove no less than 24 months away from credit background that have on-time payments. Private money not one of them a specific duration of borrowing from the bank; although not, delinquencies (ex: foreclosure) requires after that reasons. Latest expense and you may debt-to-income proportion (DTI). (más…)