Can we get a FHA loan if we just now opened a bank account?

Posted on Jan 15, 2013 in FHA Information

Question by mommy23girlys: Can we get a FHA loan if we just now opened a bank account?
We have just opened a bank account. One of the requirements for the FHA loan is 3 months bank statements. Is this going to be a problem?

Best answer:

Answer by foreclosurefish_com
This will most likely depend on a couple other factors – for instance what assets and liabilities you may have when applying. As long as you have some banking history I dont think that should be your biggest hurdle. FHA loans are more and more popular but there are more guidelines that will be necessary to follow in order to get approved.

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