Easier to Qualify - FHA insures the mortgage, lenders are more willing to give loans with lower qualifying requirements so its easier to qualify your borrowers.

Less than Perfect Credit - Credit Problems even a bankruptcy, its easier to qualify your borrower for an FHA loan than a conventional loan.

Low Down payment - FHA has a low 3% down payment, and  other loans don't allow this.

Costs Less - Many times, FHA loans have competitive interest rates because the loans are insured by the Federal Government.

How do FHA loans compare to conventional loans?

Conventional loans usually require a larger down payment. And, if your borrower has less than perfect credit they may not qualify for many conventional loans and  you will be stuck offering a loan with higher interest rate and/or fees or not doing the loan at all. is compare the cost of the conventional loan to an FHA loan line-by-line. What are the fees on each? What is the interest rate? How much is the mortgage insurance on each? How much down payment is required? For some borrowers, a conventional loan may be less expensive. For many others, it will be more expensive than FHA.

Many loan originators have suffered a dramatic loss in income as a result of the sub-prime market shifting back to a more traditional underwriting model.

Become a savvy loan originator and turn all your old sub-prime files into money and qualifying these borrowers on an FHA Mortgage Loan.

CBC Loan Processing will help you save time and money by processing your  FHA loans while you do what you do best.................. Originate!!