North Kansas City Missouri is a great place to live, and a great place to raise a family, and if you're looking for that place and you've never owned a home before our FHA Home Loan North Kansas City is the perfect choice for you.
The FHA Home Loan North Kansas City was developed to help folks who are looking for a way to move their family into a new home. There are a lot of great benefits to the FHA loan program that we can tell you about on our webage: KC Loan Tips, or you can watch them via our awesome YouTube channel.
(we've included a video here so you can get to know Darren and to let you in on all the benefits for the FHA loan.)
The FHA program is one of easier loan programs to qualify for and here’s some of the highlights of the FHA Home Loan North Kansas City, Missouri:
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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