A great government-backed loan for first-time homebuyers or those with higher debt-to-income ratios. FHA loans have flexible qualifications and only require a small down payment.
Seller Contributions: Up to 6% of sales price (toward closing costs prepaids)
Gift funds allowed
No first-time homebuyer requirements
Purchase and rehab financing available
Lower minimum down payment requirements
580 Min FICO
Max loan amount $472,030 (can vary per county)
FHA Mortgage Loan Limits website: https://entp.hud.gov/idapp/html/hicostlook.cfm
Minimum Required Investment (MRI) of at least 3.5 percent of the Adjusted Value.
1.75% UFMIP (Up Front Mortgage Insurance Premium)
.85% MIP (Monthly Insurance Premium)
Always took the extra time to make sure we were fully aware during every step of the process. Answered questions before I even had the chance to think of them. Overall wonderful experience!
I didn’t think I would be able to purchase a house, but a friend put me in touch with Casey and within two days I had financing and was ready to go. I literally went from tenting to owning in less than a month and it was one of the most seamless experiences of my life. Casey was knowledgeable, but more importantly he was patient and kind when I needed it most ♥️
Shannon L B
Casey is a delight to work with. He’s amazing with the clients and realtors! Always professional and has the answers to questions when they are needed!
Overall, Paul made the process smooth and easy. Chad B.
Working with everyone and especially Bob was a treat, really great folks. Thank you all for making this process so easy. Alexander T.
Quick process and wonderful to work with. Tayler D.
Paul and the team put in many hours to find the best way for us to get our mortgage loan. John H.
Paul Knopf Jr. and his team made our loan process incredibly seamless. Thank you for all of your help! Brittney C.
Paul and his team are so knowledgeable and helpful. They make the home finance process easy. I appreciate his professionalism and responsiveness. Catherine R.
Your team did an amazing job!!
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