FHA Loans have been helping people become homeowners since 1934.  The Federal Housing Administration (FHA), which is part of HUD (Department of Housing and Urban Development) insures the loan, so that the lender can offer you a better deal.

Some advantages of an FHA loan are:

• Low down payments (3.5%)
• Closing costs included in the loan amount
• Easy credit qualifying (620 FICO)
• Non-occupant co-borrower

Buying your first home?
FHA might be just what you need. Your down payment can be as low as 3.5% of the purchase price, and most of your closing costs and fees can be included in the loan. Available on 1-4 unit properties.

Want a fixer-upper?
FHA has a loan that allows you to buy a home, fix it up, and include all the costs in one loan. Or, if you own a home that you want to re-model or repair, you can refinance what you owe and add the cost of repairs – all in one loan.

How about manufactured housing and mobile homes?
FHA has financing for mobile homes and factory-built housing. FHA has two loan products, one for those who own the land that the home is on and another for mobile homes that are – or will be – located in mobile home parks.

Contact us to learn more if an FHA loan can help you.
                                (408) 298-2591