FHA -Low Down Payment Solution for Today’s Home Buyer
Government insured FHA mortgages can give borrowers the opportunity to own a home when they never thought they could. Options such as low down payments, alternative source of funds for down payment and the ability for sellers to help with closing costs provide a great opportunity for borrowers with limited funds for up front costs. FHA loans offer both fixed and adjustable terms to meet the different needs of each borrower. They also make refinancing down the road fast & easy with the FHA streamline refinance option.
- Low down payments available
- Entire down payment can come from gift funds
- Seller can assist with closing costs up to 6%
- Non-occupying borrowers are allowed to help the occupying borrowers qualify for the loan.
- Flexible or alternative sources of credit qualifying