FHA Low Down Payment Loan in Alexandria, Louisiana

By
Real Estate Agent with Realty Executives Bayou Properties BROK.0912123349-ASA

FHA Low Down Payment Loan in Alexandria, Louisiana

Banker in a red tie loaning moneyAs the title above indicates The FHA (Federal Housing Administration) financing program offers one of the lowest down payment options available to consumers today. In our local real estate market approximately 50% of all home buyer's secure a FHA Low Down Payment Loan in Alexandria, Louisiana. This type of mortgage loan can be used for a home purchase in either an urban or rural area.

 

There are many first time local buyers that find a FHA Low Down Payment Loan in Alexandria, Louisiana can be their best choice when shopping for a home mortgage. Below are some of the top reasons a purchaser will choose a FHA mortgage.

home loan in alexandria louisiana

  • The minimum credit score allowable is a 640. Lenders will pull a Tri-Merge credit report and use the middle score from the three credit bureaus to determine your credit score.
  • The down payment requirement is only 3.5% which is much lower than a conventional mortgage loan. FHA home buyers must pay the 3.5% from their own proceeds (checking or savings account).
  • Sellers can pay closing costs for the buyer. The Realtor representing you can negotiate with the seller to pay FHA closing costs up to 6%. The actual FHA closing costs are between 3% to 4% of the purchase price depending on the amount of the loan. The difference in seller concessions can be used to pay for discount points to buy down the interest rate.
  • The condition of the home must meet certain criteria for a FHA Low Down Payment Loan in Alexandria, Louisiana. The appraiser that the lender assigns will ensure that the property will meet these guidelines. This is done to protect you the home buyer and also the investor funding the loan. Myself and FHA will both recommend a home inspection from a state licensed home inspector to be performed in conjunction with the appraisal.

Do you already own a home and have questions about how much your current home is worth?

Are you currently looking to purchase a home but don't know where or how to start? A FHA Low Down Payment Loan could be your answer. Do you want to know if you qualify?

Stop wasting your valuable time and money. Sign up today for my FREE and NO OBLIGATION Home Buyer Alert System. Contact me now at 318-880-1270 for immediate and prompt assistance so you don't miss the great deals.

 

 

 

Posted by

David Beckham
Alexandria & Pineville Direct: 318-880-1270

Your Louisiana Real Estate Connection

 

COPYRIGHT 2016 David Beckham

 

 

David Beckham is Licensed by the Louisiana Real Estate Commission. Realty Executives 301 Jackson Street  Alexandria LA 71301 USA. Office 318-528-8803.

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Louisiana Rapides Parish Alexandria
Groups:
Active Rain Newbies
Internet Lead Generation-How Best To Capture Your Audience
Posts to Localism
Local Expert
HyperLocal Neighborhood and Community Posts
Tags:
fha loan program
government loans with a low down payment

Spam prevention
Show All Comments
Ambassador
648,384
Marilyn Boudreaux
Marilyn Boudreaux, Century 21 Bono Realty - Lake Charles, LA
Lake Charles LA Century 21 Realtor

David

How does this alert system work?  Are you putting the consumer in touch with a loan officer for pre qualification?

Dec 14, 2010 02:28 PM #1
Rainmaker
140,969
David Beckham
Realty Executives Bayou Properties - Alexandria, LA
Your Louisiana Real Estate Connection

at this time I am sending them to a lead capture form on my website. I want the first contact before a lender.

Dec 14, 2010 04:25 PM #2
Rainmaker
506,180
Ellen Caruso
Daniel Gale Sotheby's International Realty - Glen Head, NY

David you are reaching out there and will capture your targeted customers! Continued success to you.

Dec 14, 2010 10:40 PM #3
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
140,969

David Beckham

Your Louisiana Real Estate Connection
Top 10 "best buy list" call today!
*
*
*
*