FHA LOANS
FHA LOANS APPROVE-MORTGAGE BROKER/LENDER SPECIALIST
FHA Home Loans, FHA Mortgage Loans, FHA Housing Administration Guidelines.
FHA Home Loans, FHA Mortgage Loans, FHA Housing Administration Guidelines.
3.5% Down-payment minimum 580 Mortgage FICO
10% Down-payment minimum 500 Mortgage FICO Score – additional requirements apply
Acceptable property types Stick Built Homes, Modular, Manufactured Single Width+, FHA approved Condo
and FHA single unit approvals acceptable, Duplexes, Triplexes and Quadplexes!
Cash out Refinances to 80% of appraised value
Current 2022 FHA loan limit is $420,680
DPA DOWN PAYMENT ASSISTANCE LOANS
DPA FHA Loan with DOWN PAYMENT ASSISTANCE available.
3.5% DPA given with no silent second mortgage! One of the following factors must apply to the buyer.
- Income is equal to or less than 140% of the state or county median income,
- First-responders (police officer, firefighter, public safety officer, paramedic, emergency medical technician (EMT), including volunteers, or similar),
- Educators,
- Medical personnel (nurse, doctor, phlebotomist, health ambassador, or hospital, American Red Cross worker, or similar),
- Civil servant in a federal, state, or local municipality,
- Military personnel,
- First-Time home buyer, Subject property is located in an underserved census tract.
- FHA loans for HUD foreclosed properties – $100 down.