Special offer

How to buy a home in Tacoma using an FHA Home Loan?

By
Mortgage and Lending with VAHomeLoans.com NMLS ID 108542

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.

Costs Less: FHA loans have competitive interest rates because the Federal government insures the loans. Always compare an FHA loan with other loan types.

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 on a mortgage, you should compare mortgages from several different lenders. In order to initiate the loan application process, please contact an FHA approved lender.

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).

HUD's internet site can provide additional information on FHA mortgages by going to: www.hud.gov/buying/index.cfm

You can also find an FHA approved lender in your area by going to: http://www.hud.gov/ll/code/llslcrit.html

You may also wish to contact a HUD approved housing counseling agency in your area for unbiased and free counseling on your particular situation. You can find a list of these agencies at www.hud.gov/offices/hsg/sfh/hcc/hccprof14.cfm

There are also many local and State government programs available that use HUD and/or non-HUD funds to provide grants for the downpayment or to help pay closing costs. To find out what programs are available in your area visit www.hud.gov/buying/localbuying.cfm

Finally, if you would like to see a short webcast video about the homebuying process, visit the following web site: www.hud.gov/webcasts/archives/buying.cfm.

All Tech Mortgage Inc. is your gateway to great mortgage products from Washington State's top mortgage lenders. Locally based in Tacoma, we shop, compare rates & fees and connect you with the best mortgage banks in the Northwest. The interest rates we quote are typically .25% - .50% lower than most national mortgage companies like Bank of America, Wells Fargo, BECU & USAA Mortgage. Plus our fees are some of the lowest in the industry.

http://www.alltechmortgage.com Tacoma's #1 Mortgage Expert
(253) 472-1500 FHA Home Loans Tacoma | FHA Mortgage Rates Tacoma | FHA Approved Lenders Tacoma | www.fhatacoma.com | www.fhahomeloanstacoma.com

7403 Lakewood Dr W, STE 2 Lakewood, WA, 98499    google map | yahoo map

Posted by


Kevin Tinsley
All Tech Mortgage Inc.

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499
MB-108686 MLO-108542

(253) 472-1500 Office
(855) 472-1500 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

All Tech Mortgage Inc. - Locally based in Tacoma, WA since 1996, we shop, compare rates & fees and connect you with the best mortgage lenders in the Northwest. The mortgage rates we quote are typically .25% - .50% lower than most mortgage companies like Bank of America, Chase, USAA, BECU, Lending Tree and Wells Fargo. Plus our fees are some of the lowest in the industry. 

We specialize in FHA, VA and Conventional No Cost and Low Closing Cost  fixed rate purchase & refinance Home Loans and offer true wholesale pricing from our lending partners.  At All Tech Mortgage we never expect your business, but hope to earn it with my aggressive pricing, speed, and overall efficiency.

 

Comments (0)