FHA Loans

Easier to Qualify: Because FHA insures your mortgage, lenders may be more willing to give you loan terms that make it easier for you to qualify (i.e. lower rates, longer repayment terms, lower down payments, etc…)

Less than Perfect Credit: You don't have to have a perfect credit score to get an FHA mortgage. In fact, even if you have had credit problems, such as a bankruptcy, it's easier for you to qualify for an FHA loan than a conventional loan.

Low Down Payment: FHA loans have a low 3% down payment.  Best of all, the down payment for your new FHA loan can come from a family member, employer or charitable organization as a gift. Other conventional loan programs don't allow gift money to be used as a down payment.

1-4 Units Min 3% Down

3-4 Units Up to 3 mos. Reserves (additional to 3% Down)

Costs Less: FHA loans have competitive interest rates because the Federal Government insures the loans.  It’s always best to compare an FHA loan with other loan types.  For many buyers and FHA loan is their gateway to the American Dream of homeownership.

            Rates starting at 6.25% to 7.5%

Helps You Keep Your Home: The FHA was formed in 1934 and is a division of the US Government.  You can rest assured that FHA and HUD will be around for many years to come and will continue to work to protect you, the homeowner. Should you encounter hard times after buying your home, FHA has many options to help you keep you in your home and avoid foreclosure.  FHA refinances and FHA streamline refinance products are available if needed in the future. 

To Get Pre-qualified Today, Give me a call or email me and I would gladly talk more about it!

This is to be used for informational purposes only.