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How
can FHA Help me to
Buy a Home?
FHA insured mortgages offer many benefits and protections that only come with FHA:
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.
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 3.5% downpayment and that money can come from a family
member, employer or charitable organization as a gift. Other loan programs
don't allow this.
Cost's
Less:
FHA loans have competitive interest rates because the Federal government
insures the loans. Comparing FHA Purchase loans with other loan rates
are not that signaficant -They could be only about an 1/8 of a percent
in difference. Many times they are equal with Conventional Loan Products.
Helps
You Keep Your Home:
The FHA has been around since 1934 and will continue to be here to protect
you. 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 does not provide direct financing nor does it set the interest rates on the mortgages it insures. For the Best Interest Rate and Terms, give us a call, we can shop a multitude of Lenders to get you the Best Rate and Terms.
An FHA insured mortgage may be used to purchase or refinance a new or existing 1-4 family home, a condominium unit or a manufactured housing unit (provided the manufactured housing unit is on a permanent foundation).
Apply for your FHA Purchase Loan:
Call us as the number below or complete a loan application online, or you can just Click Here.