Why Choose FHA?

Almost half of today’s buyers are first time homebuyers.

You may be able to get to closing faster than current conventional underwriting.

Credit scores - No minimum credit score.  Less than favorable scores for other loans?  May not be a deciding factor when utilizing FHA Financing.

Non - traditional credit is acceptable.  Just because it doesn't show up on your credit report doesn't mean FHA can't use it!  This helps you qualify!!

Low down payment.  As low as 3% AND some seller assisted down payment programs ARE available!!

Need a co - borrower?         Non-occupant co-borrower is permitted     

Expanded qualifying ratios allowing more debt than conventional loans!

Protections and Advantages

No Prepayment penalties

Fully assumable - may be a great asset when it comes time to sell.

Lower Mortgage Insurance premiums - saving you money NOW!

Competitive interest rates

Ability to refinance without re-qualification

Comparable with industry requirements on:

Appraisal and Repair

Closing Costs

Automated Underwriting Systems

Similar documentation for comparable products 

The maximum mortgage amount may be increased to finance the cost of an appraiser required repair if the borrower is responsible for the repair per the sales contract

For more information, please contact me!