- Lower down payment options
- Lower Closing Costs
- More lenient credit standards
- Greater flexibility
- Refinance is available
We are proud to offer our borrowers the option to take advantage of a Federal Housing Administration (FHA) loan. The FHA loan is an incredibly popular option and for good reason! They are often a game-changer for prospective homeowners who otherwise might struggle to purchase a home. It's also a great fit for first time home buyers!
These loans allow borrowers to contribute a lower down payment and closing costs. In addition, the guidelines for FHA loans are incredibly flexible. It’s a fantastic opportunity for not only first time home buyers, but those looking to refinance too!
Some additional benefits of FHA Loans include: Closing costs can be covered by seller, down payment can be a gift, and refinance is possible without an appraisal.
To learn more about FHA loans, contact your Mortgage Loan Officer today!