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

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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.
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