A Federal Housing Administration (FHA) loan is a type of mortgage which is insured by the FHA and is considered one of the most affordable and fastest loans to procure.
Simply put, the borrower needs to be approved by the FHA to get this loan. You may then look for different mortgage rates with different FHA-approved lenders. There are plenty of portals which may help you get fast quotes and you may subsequently take the process ahead with any lender whose rates you have found affordable.
Important guidelines to get an FHA loan approval
Discussed below are a few important aspects to keep in mind while applying for an FHA loan.
Credit score
The credit score requirement to get an FHA loan approval is not stringent. The minimum eligible credit score for the same is 580. Even if you do not have a credit history, your lender will need to evaluate your eligibility, based on a non-traditional merged credit. Some borrowers may require a score of 640-680 to be eligible for this loan.
While this is a guideline set, many lenders also give a loan to people with a credit score of at least 500.
Debt to income ratio
The debt to income ratio is a critical guideline followed by lenders to evaluate the eligibility of a borrower. It is a way in which lenders (even mortgage lenders) calculate a borrower’s ability to repay the debts, considering their regular incomes. The acceptable limit of this ratio is 31:43 to get an FHA loan approval.
Mortgage insurance
Even though getting an approval for an FHA loan seems fairly easy, the real challenge arises in getting two types of mortgage insurances as prerequisites. One insurance needs to be paid fully while the other has to have a provision of being paid in monthly installments.
Down payment
The minimum down payment required for an FHA loan approval is 3.5%. While the standard rate for down payment runs at 20%, the 3.5% comes as a great relief for borrowers who cannot afford such a high amount.
Other important areas
A lender will look into your employment history, lawful residency in the US, as well as a valid Social Security number (SSN). You would also require to have an appraisal for the property from a verified FHA-approved appraiser.
The other requirements differ from lender to lender, and it is always advisable to gather full information about your verified FHA loan lender before applying for a loan.
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What causes constipation
Read moreConstipation means infrequent or difficult bowel movements. Most people experience occasional problems with normal bowel movements. But if constipation lasts for weeks and months on end, it is termed as chronic.
Symptoms of constipation have 1-2 bowel movements in a week, needing to strain to pass stools, difficulty in passing stools, hard stools and a feeling of incomplete evacuation.
There are several possible causes of constipation.
Colonic or Rectal Blockages: Colonic or rectal blockages can adversely affect normal bowel movement. These blockages can be due to many different reasons, such as –
- Colon cancer
- Rectal cancer
- Abdominal cancer
- Bowel stricture or colon becoming narrow
- Rectocele or a bulge or swelling in the rectum through the back part of the vagina
- Anal fissures
Hormonal Diseases: Diseases that affect hormones in the body can be a cause of constipation. Hormones maintain the fluid equilibrium in the body. Diseases that affect hormones can upset this balance and cause mild to severe constipation. These diseases can be –
- Diabetes
- Hypothyroidism or an underactive thyroid gland
- Hyperparathyroidism or an overactive parathyroid gland
A note on hormonal problems and constipation during pregnancy: During pregnancy, a woman can have constipation for many reasons including hormonal changes. The condition often resolves itself after childbirth. Treatment for chronic constipation during pregnancy may depend on the woman’s health.
Neurological Problems: Many conditions affecting the nerves around the bowels and nearby muscle groups can be a cause of constipation. These can be –
- Stroke
- Spinal injuries
- Multiple sclerosis
- Parkinson’s disease
- Autonomic neuropathy
Pelvic Muscle Problems: Pelvic muscles support organs involved in stool elimination. Any problem in the pelvic floor muscles can cause constipation. These can be –
- Weak pelvic muscles.
- Anismus or difficulty in relaxing of pelvic muscles.
- Dyssynergia or problem with pelvic muscle movements.
Lifestyle Factors: An unhealthy diet and lifestyle can contribute to poor bowel health and cause constipation. These can be –
- A diet is lacking in fiber.
- A diet high in fatty and spicy foods.
- No or low levels of physical activity.
Determining the cause of constipation is important for its effective treatment.
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4 premium food brands that boost the health of your dog
Read moreIn addition to showering your furry friend with love and affection, you need to pick out the best premium dog food for him. There are various premium dog food brands competing in the market, but you need to consider a lot of factors before you decide on the best premium dog food for your beloved canine friend. The dog’s age, weight, breed, and of course his taste, are the factors determining which will be the perfect dog food. So, here are some of the best premium dog food brands you can consider while choosing the right dog food for your pet.
- Merrick Grain Free Dog Food
This dog food has been considered one of the best premium dog food brands owing to the fact that it comprises of ingredients that are meant to promote your dog’s health and well-being. You will have plenty of different formulas to choose from, and you can even choose the protein source. Moreover, it contains some healthy additives such as omega-3s and omega-6s, that contribute to helping your pet maintain its glossy coat. - Wellness Core Natural Grain Free
If your dog is quite choosy about his food and isn’t a big fan of the so-called “natural” dog food that is so ferociously advertised these days, then investing in this premium dog food is advisable since it is one of the best premium dog food brands. It is made of completely natural ingredients, has reduced contents of fat and carbohydrates, and is rich in proteins. Plus, it has proven to be appealing to your canine friend’s taste buds. - Nature’s Variety Instinct
Nature’s Variety Instinct has been hailed as one of the best premium dog food brands. It is completely natural and has added omega-3 and omega-6, in addition to the minerals and protein content in the food. Moreover, it doesn’t contain preservatives, which, otherwise would affect your dog’s health. Pet owners often opt for this premium dog food since it is grain-free and has all the required nutrients to keep their beloved puppy healthy and active. - Taste of the Wild High Prairie Canine
The name itself is indicative of the unique nature of this dog food. What makes this the best premium dog food is that the formula is closely related to the actual ancestral diet of dogs which emphasized the need for high protein and extremely low carbohydrate content. It is a rich source of protein and contains vegetables and fruits to a certain extent.
- Merrick Grain Free Dog Food