FHA allows you to purchase a home if you have a minimum of 640 credit score and at least 3.5% of the purchase price must be your own money. The remaining closing costs, 6-7% can be a gift from family or credit from the seller.

Your Wayne Realty agent would put you in touch with a mortgage consultant who can tell you in about 10 minutes if you will be qualified to purchase – no cost to you for the service.