FHA Loan

Ideal for first-time home buyers, FHA loans offer easier qualification, competitive rates, and flexible credit requirements. This means you can obtain a housing loan with as little as a 3.5% down payment.
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Loan benefits

  • Just 3.5% down to own your home.
  • Qualify with a lower credit score.
  • More leeway with your debt-to-income ratios.
  • Use gifts for down payment and closing costs.
  • Typically lower rates than conventional loans.
  • Pass on the loan to a buyer, subject to credit approval.
  • Extra security with federal government backing.

Eligibility
requirements

  • Minimum 580 credit score for maximum financing.
  • Minimum 3.5% down payment of the purchase price.
  • Must have steady employment history.
  • Must be your primary residence.
  • Must meet HUD’s property guidelines.
  • Mortgage insurance required for all loans.
  • Debt-to-income ratio must be 43% or less.
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Take your next step

Our loans

Whether you’re a first-time buyer or a seasoned investor, we offer a variety of loan options designed to match your specific needs

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Our process

Enjoy a streamlined and transparent loan process that offers you clarity and personalized support from application to closing.

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Get a rate quote

Curious about your borrowing potential? Customize your home-buying goals and financial situation and receive a tailored quote.

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Mortgage insider tips & articles

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By andy@webcherry.co

May 20, 2024

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