New Hampshire FHA Loans

If you are considering a move to New Hampshire, you will definitely want to think about applying for an FHA loan. The Federal Housing Administration (FHA) has been helping make the dream of homeownership a reality for Americans since 1934. Since the FHA formed, it has helped millions of American families become proud new homeowners by making the loan process as easy and simple as possible. Today, the FHA is helping more people than ever to buy new homes and avoid losing their current houses. Here are a few of the different types of mortgages available from the FHA.

Standard FHA Loan

If you are looking for a property to relocate you and your family to right away, you will want to apply for a standard FHA loan. Properties that are eligible for this loan include one to four-unit properties that don’t require any repairs. With this loan you will get some great benefits such as a low down payment of only 3.5% on the house. You also won’t have to pay private mortgage insurance (PMI) and will be able to take advantage of low interest rates and streamline refinancing. Plus, approval is much more lenient than conventional loans, making it possible for people with less than perfect credit to still be able to qualify.

203(k)

If you are interested in a house that needs a lot of repairs done to it, you should apply for a 203(k) mortgage. With conventional loans, when you need repairs done you are required to take out at least three different loans which all generally have high interest rates and low amortizations. With the 203(k), you will get one loan that covers the initial purchase, all work to be completed and the projected final value of the property.

Energy Efficiency Mortgage

The Energy Efficiency Mortgage (EEM) is designed for people who are looking to upgrade their home, help the environment and lower monthly bills all at the same time. The EEM covers costs for energy efficient upgrades such as the installation of solar panels and low-flush toilets.

Get Started Today!

No matter what kind of mortgage you are interested in applying for, you can get started today by being pre-approved for the loan. Simply fill out our free online form and we’ll have you pre-qualified instantly!

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