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!

 

 

Latest Blog Post

2022 Webinar and Live Event Calendar

Each year we try and bring relevant education topics to real estate professions.   Below you will find a list of the topics we plan to cover and dates for each.  For each topic we are offering a Live event at the Greater Kalamazoo Association of Realtors and a Zoom Webinar on the same topic the following week.  As the events get close we will have more details just follow the links to learn more and register for the events.

2022 Lunch and Learn Schedule:

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