We have a great FHA loan with 0 lender fees saving you thousands of dollars in costs!

What are FHA loans?

FHA loans are loans that are insured against default by the Federal Housing Administration (FHA).  This great loan program makes it simple for those who may not qualify with other programs. FHA typically offers lower interest rates, lower income requirements, and does not hold as much weight to your credit score compared to other loan programs also know as conventional loans.

A FHA loan is an attractive option, especially for first-time homeowners:

• Generally easier to qualify for than conventional loans.
• Lower down payment requirements.
• Cannot exceed statutory loan limits as set by each county.
• HUD 203(B) MORTGAGE INSURANCE

What is the purpose of this program?
To provide mortgage insurance for a person to purchase or refinance a principal residence. The mortgage loan is funded by a lending institution, such as a mortgage company, bank, savings and loan association and the mortgage is insured by HUD.

What are the eligibility requirements?

• The borrower must meet standard FHA credit qualifications with a minimum of a 580 credit score.
• The borrower is eligible for approximately 96.5% financing. The borrower is able to finance the upfront mortgage insurance premium into the mortgage.
• Eligible properties are one-to-four unit structures.

For more information about FHA loans, their benefits and loan options and how it may apply to you, please contact us direct at 281-627-4222 or submit the quick quote form on this page.