FHA Mortgage to Buy a Home

The FHA loan program was created to help increase home ownership. You do not need to be a first time home buyer to obtain an FHA Loan. The FHA loan makes buying a home easier and less expensive than other types of home loan programs. Some advantages of the FHA mortgage loan include:

Minimal Down Payment and Closing Costs:

• Down payment less than 3.5% of Sales Price.
• Seller can credit up to 6% of sales price towards buyers costs.
• Gift for down payment and closing costs allowed.
• 100% Financing options though gifts and grants.
• No Bank Savings or reserves required.
• FHA regulated closing costs.

Easier Credit Qualifying Guidelines such as:

• 530 Minimum FICO Requirement
• FHA will allow a home purchase 2  years after a Bankruptcy.
• FHA will allow a home purchase  3 years after a Foreclosure. 

Easier Debt Ratio & Job Guidelines such as:    

• Higher Debt to Income Ratio's than other home loan programs.
• Less than 2 years on the job is Ok.
• Self-Employed individuals Ok.

Have Questions? Fill out a Quick Response form or (Apply Now).

FHA down payment, interest rates, payments rates and FHA mortgage program guidelines and minimum fico score requirements are subject to change without notice and are not guaranteed due to fluctuating mortgage market conditions.