FHA Mortgage Rates Bountiful Utah
Bountiful, Utah FHA Mortgage Rates Buying a home in Bountiful, Utah? Then a Federal Housing Administration (FHA) Loan might just be the right choice for you.
- Have less than perfect credit.
- Want a low down payment.
- Are worried that you can't qualify for a loan.
- Have never bought a home before.
Then don't worry because an FHA Loan is the loan for you! Don't get confused. The FHA Loan is not a loan granted to you from the FHA. It's a loan that is simply approved by the FHA. Because the FHA backs this loan, your lender can offer you even lower monthly payments and interest rates. Wonder what the rates for an FHA Loan in Bountiful is? Or do you want to see if you qualify? Apply now at: http://www.spencerstott.com/apply-now/.
Requirements for an FHA Loan are less strict than other home loans. FHA Loan Requirements:
- About a 3% down payment.
- Income Requirements are much looser.
- Expectations for your credit score 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. If you think you can't qualify for a loan, you're wrong. FHA Loan requirements are surprisingly flexible, which means you can get that Bountiful home.
The Spencer Stott Lending Team wants to help you get FHA Loan approval for your Bountiful, Utah home. We want to be the ones that finally get you into your dream home. For more information about how an FHA Loan works click here: portal.hud.gov.
To learn more about us, please visit our website at www.spencerstott.com.