FHA - Benefits

The FHA mortgage program is popular with many home buyers. Here’s a quick look at some of the key features and benefits that so many consumers enjoy: 

LOW DOWN PAYMENTS ARE ALLOWED 

High loan to value percentages lower the amount of money that borrowers need to save for a down payment. 

GIFT FUNDS ARE ALLOWED FOR DOWN PAYMENT AND CLOSING COSTS 

Borrowers can use gift funds* provided by relatives, employers, unions, charitable organizations, government agencies, and friends who have a clearly documented interest in the borrower. 

FLEXIBLE CREDIT GUIDELINES HELP MORE PEOPLE QUALIFY 

FHA accommodates lower credit scores** and allows alternative credit sources to be considered by lenders. 

LEARN MORE ABOUT THE BENEFITS OF FHA MORTGAGES BY CONTACTING ME TODAY!

*Gifts cannot be given by an entity who has an interest in the sale of the property and no repayment of the gift is allowed.

**Certain limitations may apply to loan products for borrowers with a previous bankruptcy, foreclosure or short-sale and a higher interest rate and/or higher fees may be required.