Why Consider an FHA Mortgage Loan?
The government wants to provide homeownership opportunities to deserving Americans through the Federal Housing Administration loans. The goal is to make sure that everyone has a chance at realizing that dream of homeownership. FHA loans have low interest rates and offer some of the most flexible qualification requirements.
People with a credit score as low as 580 have been able to successfully qualify for the loan. One of the unique characteristics of this loan is that it does not require any minimum savings. FHA lenders do recommend that all applicants save for a down payment or work through a local down payment assistance program.
When people meet the bare minimum requirements for the FHA loan, inexperienced loan officers can handle the application in a way that results in a denial. The process of reporting financial gifts and any minor misstep in handling the application could cause the application to be revoked. An experienced mortgage consultant can help you navigate the FHA process.
They should ideally have experience closing a loan within 30 days. They should also be able to secure the best possible terms for that loan. Our team is committed to understanding your complete financial scenario. We will manage every single detail and prepare for any challenges that may affect your ability to get approved.
We know what it takes to close. This is one of the reasons why one of our biggest referral sources are professional realtors.
Advantages of an FHA Loan
• You can get an FHA Loan with only 3.5 percent down
• FHA Loans may also assist with hardship relief
• You can finance as much as $275,650.00
• Option of choosing from several different fixed rate options
The FHA is not what’s considered a direct lender, so borrowers have to work with an approved lender to participate in the program. It’s important to note that not all FHA lenders have the same interest rates. For this reason, it is important to select the right mortgage consultant the first time. We will take the time out to explain every aspect of the process. We want you to fully understand your lending options and various terms available to you. That’s why it’s imperative that you choose a reputable mortgage consultant that can help you through the process.
We want to make certain that you have the highest chances of getting approved. Our commitment to simplifying the homebuying experience ensures that you have access to competitive rates and terms, potentially saving you thousands on your new home.
Once you’ve become a client, you will be able to access one of our team members after hours and on weekends. Choosing us could mean the difference between getting a fast closing and approval or possibly missing out on the lending option.
Our ethical, transparent processes and wide availability makes us the perfect resource for homeowners ready to get their dream home.
Call today to get your FHA home loan fully funded with the rates and terms that work for you.