FHA Loans Open The Door To Home Ownership
Benefits Of FHA Home Loan To You!
FHA Home Loans are created to make it easier for people to purchase a new home. FHA Loans have recently become even more affordable. Now is the perfect time to take advantage of an FHA loan.
Here are the top benefits of an FHA Loan
- Lower down payment. ( as low as only 3.5%)
- Easy credit score requirements (you may qualify with credit score of at least 580)
- FHA Insured Loans are assumable. This makes it easier for you to sell the home when you’re ready.
- FHA Mortgage Rates are typically lower than other, conventional home loans. You save money.
- Up to 6% of your closing costs may be paid for you. Saves you money.
- Reduced mortgage insurance premiums. This gives you more big savings
- Some FHA loans give you Energy Efficient credits. This puts more money back into your pocket
- Some FHA loans can give you money to pay for needed home repairs and upgrades
Your FHA loan is insured by the US Government. This insurance makes the FHA Loan more desirable for other lenders and financial institutions.
It is important you know that the amount of money you can borrow, is set by the US Government.
FHA is the Federal Housing Administration. It is a division of Housing and Urban Development (HUD)
Contact us today to see how easy it is for you to qualify for a new FHA Home Loan.