FHA is a division under the US Department of Housing and Urban
Development (HUD). It insures loans made by approved lenders to
qualified borrowers. Approval may be available for borrowers with
mortgage lates, bankruptcy, past foreclosures, collections and
judgments.
There are lots of good reasons to choose an FHA loan, especially if one or
more of the following apply to you:
If any of these things describe you, then an FHA loan may be right for you.
Why? FHA-insured loans offer many benefits and protections that you
won't find in other loans including:
Lower cost: FHA loans have competitive interest rates because the
Federal government insures the loans for lenders. Always compare an
FHA loan with other loan types.
Smaller down payment: FHA loans have a low 3% down payment and the
money can come from a family member, employer or charitable
organization as a gift. Other loan programs don't allow this.
Easier qualification: Because FHA insures your mortgage, lenders may be
more willing to give you loan terms that make it easier for you to qualify.
Less than perfect credit: You don't have to have perfect credit to get an FHA
mortgage. In fact, even if you have had credit problems, such as a
bankruptcy, it's easier for you to qualify for an FHA loan than a conventional
loan.
More protection to keep your home: The FHA has been around since 1934
and will continue to be here to protect you. Should you encounter hard
times after buying your home, the FHA has many options to help you keep
you in your home and avoid foreclosure. property-whichever is longer.
Development (HUD). It insures loans made by approved lenders to
qualified borrowers. Approval may be available for borrowers with
mortgage lates, bankruptcy, past foreclosures, collections and
judgments.
There are lots of good reasons to choose an FHA loan, especially if one or
more of the following apply to you:
- You're worried about your monthly payments going up
- You're worried about foreclosure
- You're worried about qualifying for a loan
- You don't have perfect credit
- You're a first-time home buyer
- You don't have a lot of money to put down on a house
- You want to keep your monthly payments as low as possible
- You're worried about what will happen if you fall behind on your
payments
If any of these things describe you, then an FHA loan may be right for you.
Why? FHA-insured loans offer many benefits and protections that you
won't find in other loans including:
Lower cost: FHA loans have competitive interest rates because the
Federal government insures the loans for lenders. Always compare an
FHA loan with other loan types.
Smaller down payment: FHA loans have a low 3% down payment and the
money can come from a family member, employer or charitable
organization as a gift. Other loan programs don't allow this.
Easier qualification: Because FHA insures your mortgage, lenders may be
more willing to give you loan terms that make it easier for you to qualify.
Less than perfect credit: You don't have to have perfect credit to get an FHA
mortgage. In fact, even if you have had credit problems, such as a
bankruptcy, it's easier for you to qualify for an FHA loan than a conventional
loan.
More protection to keep your home: The FHA has been around since 1934
and will continue to be here to protect you. Should you encounter hard
times after buying your home, the FHA has many options to help you keep
you in your home and avoid foreclosure. property-whichever is longer.
Government Assisted Mortgage Programs helping families in need
CALL 1-800-341-8505
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listed yourself on any state or federal Do-Not-Call List. FHAbankdirect.com is not a lender or a broker and the terms offered to you are solely determined by our lenders. FHAbankdirect.com
is NOT affiliated with any government agencies, including the VA or HUD. FHAbankdirect.com is brought to you by Zapper Direct.
- LOW CREDIT SCORES- NO PROBLEM
- REFINANCE YOUR DEBT TO 95% OF YOUR HOMES VALUE
- ONLY 3% DOWN REQUIRED ON NEW HOME PURCHASES
- REFINANCE WITH LITTLE OR NO EQUITY
- PRIOR LATE PAYMENTS - NO PROBLEM
- LOW FIXED RATES
- QUALIFY FOR THE FHA STREAMLINE RATE REDUCTION
PROGRAM - WHEN RATES GO DOWN, WE LOWER YOUR
RATE!! ASK US HOW - PRIOR BANKRUPTCY - NO PROBLEM
FHA Mortgage Quick Facts
| FHA Application - FREE TO APPLY |
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