FHA Mortgage Loans

FHA loans are one of the easiest mortgage loans to qualify for due to the flexible credit guidelines and the low-down payment requirements. A borrower who cannot afford a traditional down payment of 5% or has gone through a financial hardship like a short sale, foreclosure or bankruptcy can benefit the most from the FHA program.

• 3.5% down payment
• There are now Zero Down Payment options available using a down payment assistance loan program in conjunction with your FHA loan (ask our Mortgage Advisors for details and qualification requirements)
• Credit scores down to 580
• No prepayment penalty ever
• An FHA loan may also be assumable
• An FHA loan may allow the debt to income ratio to exceed 50% based on individual qualifications
• Allows for 6% seller paid closing costs
• Easy to use gifts for down payment and closing costs
• Allows for non-occupying co-borrowers to help qualify