Greensboro, Winston, Salem and High Point FHA Loans

Right now is a great time to apply for FHA home loans in Greensboro, Winston, Salem and High Point. The Federal Housing Administration (FHA) has been around for over seventy years helping make the loan process much more affordable for all who qualify. Since it began, the FHA and US Department of Housing and Urban Development (HUD) have helped make homeownership a reality for millions of American families. Here are some of the benefits you’ll get to take advantage of when you apply for an FHA loan today.

Low Down Payment

Right now you can qualify for new mortgages by only providing a small, 3.5% down payment on the property. This is much more affordable than conventional loans which can require anywhere from 5 to 20% for the down payment. Now, even if you haven’t spent a lot of time saving up for a new house, you’ll still be able to become a proud new homeowner.

Lower Overall Cost

The entire cost of FHA loans is much lower than conventional loans because you will get to take advantage of really competitive interest rates. You may even be able to negotiate with your lender for a rate that is below the current mortgage market rate. Additionally, you won’t have to pay any costly private monthly mortgage insurance.

Simple Refinancing

Once you have your FHA loan, you can apply for a streamline refinance in the future to obtain a lower interest rate. This refinance option requires no additional paperwork or out-of-pocket expenses.

Keep Your Home

Right now foreclosures are at an all time high, and the FHA is doing everything it can to help new homeowners keep their current properties. The FHA does this by offering two really great programs: FHASecure and HOPE for Homeowners. These two programs are designed to help those in trouble to refinance and get them back on track. Even if you have already missed a couple mortgage payments, you will still be able to qualify.

Get Started Today

You can get started on the path to homeownership today by taking a minute to fill out our secure online form. The process is 100% free with no obligation. Getting pre-approved for an FHA loan has never been easier!

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