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Best approach to get preapproved for FHA loan

New Contributor

Best approach to get preapproved for FHA loan

Hello

so we are now ready to purchase our first home. Now I'm not sure how to go about getting preapproved. The homes in our area go really fast so it's best to get a preapproval. I keep hearing different ways to do it, some say go online, some say go through the realtor, so I'm just not sure how to go about it the best.

I would appreciate any help/advice! Thanks


Starting Score: tu fico 555 4/11/12 ; eq fico 558 4/11/12 ; exp fako 550
Current Score: tu fico 649 09/06/12 eq fico 679 10/04/12 (pulled by lender); exp fako 642
Goal Score: 650


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3 REPLIES
Moderator Emeritus

Re: Best approach to get preapproved for FHA loan

Go to the lender!!!   I used a LO at my local bank.  Or you could use a mortgage broker.  But go in and talk to them face to face!  They want your business, they want to make this happen.  It's in their best interest too!

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Regular Contributor

Re: Best approach to get preapproved for FHA loan

most realtors won't even show houses to you unless you have that willy wonka golden ticket aka preapproval Smiley Happy

Starting Score: EQ 505 jul09
Current Score: EQ 702 TU 693 EX 692 apr12
Goal Score: 700+


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Super Contributor

Re: Best approach to get preapproved for FHA loan

talk to friends/family/coworkers about who they used for a loan.

if that doesnt work.... realtor can refer you to a loan officer.

 

 

Retired Lender