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 $498,257 (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)
Everyone we came in contact with was great. They answered all questions and concerns that we had. We would recommend to anyone buying or selling.
P Schonburg
2024-04-21
Fast and efficient throughout the process.
J Maguino Zegarra
2024-04-18
Everyone was wonderful. made our experience so easy
K Schonburg
2024-04-18
Paul and his team made the whole process as straight forward and stress free as possible. Would recommend Paul and his team to any first time home buyers.
B Allgeier
2024-04-16
I felt very cared-for during the entire loan process. All of the electronic tools were convenient, and the entire team was extremely responsive to all of my questions and making sure I had everything in place. Thanks!
K Mallory
2024-04-08
Pleasant transaction overall.
Z Aubrey
2024-04-03
Excellent service, knowledgeable team and seamless process. These guys are great!
J Cerasari Jr
2024-04-02
Very easy to work with and fast. Answered any questions and made the process very clear and easy for me being a first time home buyer