FHA Loans Salt Lake City
Salt Lake City, Utah FHA Loans 100% FHA Loans in Salt Lake City, Utah A Federal Housing Administration (FHA) Loan may be right for you.
Iif you're thinking about buying a home in Salt Lake City, Utah. If you:
- Imperfect credit.
- Are looking for a low down payment.
- Think you don't qualify for a loan right now.
- Are buying your first home.
Then an FHA Loan is a great option for you! The FHA does not provide you the loan, rather it is your FHA-approved lender who provides the loan and the FHA simply backs it. This means your lender can offer you lower monthly payments and interest rates because of the backing of the FHA. For more information about how an FHA Loan works click here: portal.hud.gov.
Requirements for an FHA Loan aren't as strict as other home loans.
Requirements for an FHA Loan:
- About a 3% down payment.
- Income Requirements are flexible.
- Credit Expectations are reasonable.
Another benefit of an FHA Loan is that it allows lenders to look at mortgages on a case-to-case basis to determine eligibility. FHA Loan requirements and eligibility are flexible, which allows people who think they can't qualify for a loan, get their dream Midvale home.
Want to see if you're eligible for an FHA Loan? Apply here: http://www.spencerstott.com/apply-now/. My team and I (The Spencer Stott Lending Team) want to help you get approved for an FHA Loan and into your new home. We will do whatever we can do get you into your dream home.
To learn more about us, please visit our website at www.spencerstott.com.