FHA Mortgage Rates Midvale Utah
FHA Mortgage Rates in Midvale, Utah A Federal Housing Administration (or FHA) Loan may be the best choice for you if you're thinking about buying a home in Midvale, Utah.
- look at your credit score and think you won't be approved to buy a home.
- Want a low down payment.
- Think that it'd be impossible to qualify for a loan.
- Are a first time home buyer.
Then don't worry because an FHA Loan is the loan for you! An FHA Loan is not a loan to you from the FHA, rather it is a loan backed by the FHA and granted to you by your lender. Because the FHA backs this loan, your lender can offer you even lower monthly payments and interest rates. To determine your eligibility for an FHA Loan and find rates in Midvale you can apply here: http://www.spencerstott.com/apply-now/.
Other home loans can have strict requirements, but an FHA Loan is a lot more flexible.
FHA Loans Require:
- 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. FHA Loan requirements and eligibility are flexible, which allows people who think they can't qualify for a loan, get their dream Midvale home.
The Spencer Stott Lending Team would love to help you get approved for an FHA Loan so you can finally enjoy that Midvale, Utah home.
We want you in your dream home just as much as you do. For further information on FHA Loans visit: portal.hud.gov.
To learn more about us, please visit our website at www.spencerstott.com.