FHA Loans
The Federal Housing Administration (FHA) insures the loans for this program making it possible for buyers who may have limited cash availability, low to moderate income, and lower credit scores to purchase a home.
Take a look at the many great benefits of using the FHA Loan programs:
- Easier borrower qualification
- Low minimum down payment requirement- just 3.5%!
- Gifts and government down payment assistance are acceptable sources for the down payment
- Great rates that are comparable to conventional loan rates
- Lower mortgage insurance premiums, and under certain conditions, automatic cancellation of the premium
- Limited closing cost fees (e.g., the origination fee cannot exceed 1% of the mortgage loan)
- Loans can be assumable to qualified buyers
- State down payment assistance programs, like MSHDA , are allowed
- Renovations and repairs can be included when financing with the FHA 203k Renovation Loan
Contact me today to see if this is the right loan program for you!
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May Lunch and Learn: Sphere Based Marketing
Real Estate Agents: Sharpen Your Sphere with Sphere-Based Marketing!
Feeling the squeeze of a saturated market? Ready to cultivate a loyal network of clients who become your biggest advocates? Then join us for an event diving into the powerful world of Sphere Based Marketing. This approach focuses on leveraging your existing network to generate leads and build lasting client connections. Think of it as nurturing the fertile ground closest to you before venturing further afield.