FHA Mortgage

As licensed FHA mortgage professionals, we feel excited and privileged to be able to offer our community with FHA programs that can truly provide a great financing option for first time home buyers as well as move up buyers and home owners looking to refinance.

Some FHA Mortgage Highlights:

Low down payment – The minimum down payment is 3.5% and the money could come from a family member.

Low interest rate – FHA mortgages allow for a smaller down payment and lower credit scores, but still usually offers a lower interest rate.

Less than perfect credit – Those with credit problems, even a bankruptcy, may be able to qualify for an FHA mortgage loan.  The FHA mortgage program puts more emphasis on income, length of employment and job security than do lenders of conventional loans.

Higher ratios – FHA mortgage loans allow higher debt-to-income ratios.

No prepayment penalty – FHA mortgages do not allow prepayment penalties, which some conventional loans require if you pay off the loan early.

Multi-unit properties – FHA loans are not just for single-family homes and condos. They are also available for 2- to 4-unit multi-family complexes.

Closing costs – FHA mortgages allow closing costs to be included in the loan as long as the borrower qualifies for the higher amount. Most conventional loans require that closing costs be paid for at the close of escrow and not be part of the amount loaned.

If you would like to get started now please fill out a Secure Online Application and we will contact you to set up your free consultation and get you into the home of your dreams with the best terms available…regardless of your credit!

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