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)
David's follow up is impeccable! Love working with him. Eadie S.
2023-02-02
Hailey and her team were all wonderful to work with and helped get everyone to the closing table and our file funded in record time. Kem W.
2023-02-01
Great and fast. Phuong T.
2023-01-29
Thanks for making this happen in 8 days!! Rocio M.
2023-01-27
Overall great experience. Juan S.
2023-01-24
David is an excellent professional. Sylvia R.
2023-01-21
Very professional buyers are always happy 🔑🏠 Teresa M.
2023-01-21
Thanks to the team my home purchase experience was stress free and quick especially through the holiday weekends. The expertise and willingness to help is unparalleled, thanks again. David M.
2023-01-19
Thank you for all your hard work during this transaction. Deborah G.