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

Buying and Financing Rental Property 2022 Event

July 2022 Lunch & Learn Event and Webinar for Realtors and Investors

Working with home buyers searching for a new primary residence is a totally different game compared to working with investors and rental property.  Sure, there are similarities, but what want-to-be home owners care about is different than what an investor cares about.  Frankly, for an investor, it’s all about the money and it should be.  When someone purchases a rental property they are essentially running a business.  If we can help them run a successful business and turn a profit they will likely come back and buy more properties.

There are lots of want-to-be investors out there and the hardest part is getting started.  We are going to help unravel the maze.  We will also look at long term planning.  Often just knowing what needs to happen to acquire the next property and the next one after that is one of the keys to success.  Owning rental property can be a great way to build wealth and we are here to help.

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