FHA Rates at
4.5% FIXED!

With No Hidden Fees/Closing Costs/Points!

With the economic downturn and most banks tightening up their lending policies,FHA loans have become more popular than ever. FHA loans are guaranteed home mortgage loans, which means they are backed by the federal government. Because the government is guaranteeing the loan, it enables us to offer you better interest rates.

Here are some other benefits to:

  • As opposed to the usual 5%-10% down payment for conventional loans, FHA loans only require 3% down.
  • There are low closing costs, and all mortgage insurance can be financed
  • There is a higher debt-to-income ratio associated with FHA loans. Usually a lender will require that the monthly payment on your home mortgage loan not be more than 28% of your income for that month, and that all of your other debt payments not exceed 36% of your monthly income. With FHA loans, your monthly payment can be up to 29% of your monthly income, and your other debt payments can be up to 41% of your monthly income. In some cases your debt-to-income ratio can be higher, if you can justify the increase.
  • Non-citizens qualify for minimum down payment home mortgage loans.
  • Your credit history doesn’t need to be perfect.
  • Get cash out of refinances of up to 85% without a higher rate.
  • Get up to a 6% seller contribution on a minimum down payment mortgage.
  • FHA home mortgage loans require no cash reserves.
  • FHA loans are available to family members co-owning a property even if only one of them resides in that property.
  • 100% of your down payment can come from gifts.
  • If you sell your home, your FHA home mortgage loan is assumable at the rate on your note. This can be an incentive for potential buyers.
  • You can use the FHA Streamline Refinance program to refinance investor properties at owner-occupied rates. You can do this even without any documentation of your income, credit score, or employment status.
  • Your appraisal is valid for 6 months.

FHA Refinance

FHA Refinance Loan Program

Mortgage refinancing with a FHA loan is easy and advantageous for most homeowners. If you currently own a home and would like to discover your refinance options, fill out the form today to get your new low rate.

Main Benefits: Consolidate 1st and 2nd mortgage into a single loan, minimum credit requirements, lower closing costs, no income verification, no credit check, no mortgage insurance premiums, and no appraisal costs.

 

FHA Purchase

FHA Purchase Program

The FHA loan program was created to help increase homeownership. The FHA program makes buying a home easier and less expensive than other types of real estate mortgage home loan programs. Fill out the form today to get started in the process of purchasing your dream home.

Main Benefits: Higher debt to income accepted, minimum credit requirements, low down payment, lower monthly mortgage insurance, and no reserves required.

FHA Streamline Refinance

FHA Streamline Refinance Loan Program

If you already have a FHA Mortgage, a FHA Streamline Refinance loan is a great option to lower your interest rate and monthly payments. Its a quick and low-cost refinance which will provide you with more money each month. Fill out the form today to get your new low rate.

Main Benefits: Little or no out-of-pocket costs, no income verification, no employee verification, no appraisal, minimum credit requirements, and limited documentation.

 

FHA Cashout Refinance

FHA Cashout Refinance Loan Program

This refinancing option is especially beneficial to homeowners whose property has increased in market value since the home was purchased. This loan program allows the homeowner to access the equity they have built up in their home and put it to good use where needed. Fill out the form today to get your new low rate.

Main Benefits: Cashout up to 85% value of home, low credit qualifications, and no mortgage insurance premiums

 
 

FHA-Loan-Requirements.org is not a banker or lender (“Service Provider”). Leading Service Providers participate in our matching engine who may have loan products available matching the criteria you submit in this interest profile. The information collected is not an application for credit or a mortgage loan, nor is it used to pre-qualify you with any Service Provider. There is no cost to submit a loan request, get matched with lenders and receive loan offers. You may review the loan offers and talk to the lenders at no cost. Of course, the lender you choose may require a fee to continue processing your loan request, but until you agree to pay the lender a fee, you may stop at no cost. FHA-Loan-Requirements.org does not charge you, the consumer, a fee for its services. Who pays our bills? The lender. Of course, you will be responsible for paying any loan processing, closing costs or other fees to the lender with whom you close.

Mortgage Rate of 4.5% is for qualified borrowers for a 30 year fixed. The quoted rate assumes a credit score of 680 with a loan to value (LTV) of 80% or less on a primary residence. Rate and terms offered may vary depending on your credit history and other qualifications, amount of equity in the property, location, and type of property, and other factors and may have loan origination/discount fee due at closing. Rates are subject to change without notice and may not be available in all states. This loan is only available in certain states which may vary from time to time. Otherwise, no matter what state you live in we invite you to complete our form to be matched with lenders offering other programs in your state.

To be eligible for this program borrower must meet applicable credit requirements, including a FICO score of at least 620. If you are contacted by a lender or broker advertising within our network, your quoted rate may be higher, depending on your property location, credit score, loan-to-value ratio, debt-to-income ratio, and other factors. Not available in all states. Not available for all credit types.