A classic leather jacket has great styling power. It can be worn with any outfit and in any season, summer or winter. If you do not have at least one leather jacket in your closet yet, it’s time you get one. Collarless leather jackets work great on most outfits too, as do monochromatic leather jackets, such as black ones. That does not mean colorful leather jackets are out. Colorful leather jackets can be matched with enough ensembles to give a stylish, trendy and classy look.

Here are some tips on how you can carry off collared and collarless leather jackets:

• For a casual look, pair the leather jacket with a pair of denim pants and a tee shirt or sweater. Complete the look with a pair of boots.
• For a boho-chic look, you can get creative with a floral dress, ankle length boots, and a leather jacket. An embroidered jacket with a printed dress works well for this look as does a white lace dress paired with combat boots, with a collarless jacket, of course.
• Carry a sophisticated look by pairing a leather jacket with an office outfit like a pantsuit or a skirt suit.
• For the ’70s rock and roll look, pair a midi dress with a pair of cowboy boots and the jacket.
• Wear a biker leather jacket, dark blue skinny denim, white top and a brimmed hat for a stylish cowboy look.
• For a special occasion at the office, wear a cropped leather jacket over solid-colored shirts with checkered skirts that fall just below the knee. Accessorize the outfit with a clutch and black pumps.
• If you have a studded leather jacket, pair it with a white top tucked in pants with a grid print.
• Colorful jackets, such as bright blue leather can be paired with a printed shirt and skirt with the hem of the skirt just below the knee. Colorful leather jackets can also be paired with denim, white or black dresses that are zipped up in the front.
• A cropped leather jacket also works well with light colored tops, black leggings, and thigh-high boots. To carry off a grunge look, pair a cropped leather jacket with a dark tee and skinny pants.

A Federal Housing Administration (FHA) loan is a mortgage loan that is backed by the government. It is ideal for homebuyers who have low credit scores. With the minimal down payment requirement of the loan, borrowers prefer it over any other type of loan.

The loan is in demand because it fits the needs of the borrowers who have a low credit score. Credit scores as low as 580 are also accepted by the lender. The lowest credit score accepted is 500 in some cases, and no applications from borrowers with a lower credit score will be accepted.

Loan limits
For FHA loan approvals, borrowers will need to go through the rigorous procedure. The loan limit is $679,650 for high-value markets and $294,515 for a low-value market. The low interest on the loan is the main reason borrowers prefer it over conventional loans.

Insurance premium
Borrowers are required to pay a premium in the form of mortgage insurance in case they default on the loan. The insurance for a typical borrower will be at the rate of 0.5% to 1% of the amount for borrowers, who have a decent credit. In the case of an FHA loan, the borrower will have to pay 1.75% of the loan amount.

Loan requirements
In order to get an FHA loan approval, borrowers need to clear a few steps. The borrower will have to submit an identity proof as well as a reliable and stable income stream. He must agree to have the home valued by a home valuer approved by the FHA and the credit score should not be lower than 500. Individuals with no credit history can apply for the loan and the lender might approve it.

Borrowers with a history of bankruptcy will have to come out of bankruptcy for a minimum period of two years and the loan will not be approved if the borrower is behind on income tax or in federal student loan tax.

The borrower needs to ensure that the lender is approved by the FHA because since he is not a mortgage lender, he only works with the government for the same. New loans are only approved for borrowers who intend to live in the home and not rent it out.

Before a borrower seeks an FHA loan approval, they should consider the requirements and verify their credit score before making an application. Moreover, they might have to improve the credit score if it is below 500.