The Best option for buying a home if you're a first time home buyer is the FHA Home Loan, and if you're looking for a place to live in Blue Springs, Our FHA Home Loan Blue Springs is right for you! If you want to know more about this great program we've got great information on our website: KC Loan Tips, but that's probably not good enough for you - we've also made this short video to tell you all the benefits
In this quick video you'll learn all the facts you need to know about the FHA Home Loan Blue Springs before getting pre-approved for one with us!
Here are some of the benefits:
1. Down payment is only 3.5% of the purchase price
2. The down payment can also be gifted by a family member such as Parents, Grandparents, or a Sibling.
3. The credit scores are more relaxed….in some cases as low as 580. Generally speaking 620 or 640 is the norm.
4. If you’ve had a BK or Foreclosure in the past you don’t have to wait the typical 5-7 years for a conventional loan. With FHA you only have to wait 3 years after a foreclosure.
5. The loan limit for FHA here in the Midwest is $271,000
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