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)
Erik is so down to earth, easy to work with and very
responsive to texts and phone calls. The real estate business in a
"busy" business, but Erik always found time to find solutions and
communicate with my clients and with myself. Definitely will continue to do
business with him again.
Melissa S M
2024-01-16
Scott was the reason I went with this company. He was always reachable, very knowledgeable and knew the market and provided great updates on what to expect.
Julie S
2024-01-15
Billy does a great job and does an excellent job communicating.
Noe G M
2024-01-11
I just liked a great job!
Raonel G B
2024-01-10
Very professional team - great job!
Thomas J B
2024-01-10
Todo perfecto!
Reinier T
2024-01-09
Good loan officer! Always helping us out with any questions!
Julian A J
2024-01-08
Scott is the only lender we will use. He is on top of everything and makes the process so smooth and stress-free. He goes above and beyond during the buying process and beyond that he reached out during birthdays and special events. We have learned through watching the people currently buying our house that not all lenders are like that. We appreciate Scott and his team so much!
Amber B
2024-01-08
None. Everything went smoothly!
John M
2024-01-08
Scott and his team were great to work with; any questions I had about my client were answered in a timely matter.