FHA is a division under the US Department of
Housing and Urban Development (HUD). It insures
loans made by approved lenders to qualified
borrowers. Approval may be available for
borrowers with mortgage lates, bankruptcy, past
foreclosures, collections and judgments. Credit
scores are not used in determining eligibility
if you are current on your mortgage.
There are lots of good reasons to choose an FHA
loan, especially if one or more of the following apply
to you:
If any of these things describe you, then an FHA loan
may be right for you. Why? FHA-insured loans offer
many benefits and protections that you won't find in
other loans including:
Lower cost: FHA loans have competitive interest
rates because the Federal government insures the
loans for lenders. Always compare an FHA loan with
other loan types.
Smaller down payment: FHA loans have a low 3%
down payment and the money can come from a
family member, employer or charitable organization
as a gift. Other loan programs don't allow this.
Easier qualification: Because FHA insures your
mortgage, lenders may be more willing to give you
loan terms that make it easier for you to qualify.
Less than perfect credit: You don't have to have
perfect credit to get an FHA mortgage. In fact, even if
you have had credit problems, such as a bankruptcy,
it's easier for you to qualify for an FHA loan than a
conventional loan.
More protection to keep your home: The FHA has
been around since 1934 and will continue to be here
to protect you. Should you encounter hard times after
buying your home, the FHA has many options to help
you keep you in your home and avoid foreclosure.
property-whichever is longer.
Housing and Urban Development (HUD). It insures
loans made by approved lenders to qualified
borrowers. Approval may be available for
borrowers with mortgage lates, bankruptcy, past
foreclosures, collections and judgments. Credit
scores are not used in determining eligibility
if you are current on your mortgage.
There are lots of good reasons to choose an FHA
loan, especially if one or more of the following apply
to you:
- You're worried about your monthly payments
going up - You're worried about foreclosure
- You're worried about qualifying for a loan
- You don't have perfect credit
- You're a first-time home buyer
- You don't have a lot of money to put down on a
house - You want to keep your monthly payments as
low as possible - You're worried about what will happen if you
fall behind on your payments
If any of these things describe you, then an FHA loan
may be right for you. Why? FHA-insured loans offer
many benefits and protections that you won't find in
other loans including:
Lower cost: FHA loans have competitive interest
rates because the Federal government insures the
loans for lenders. Always compare an FHA loan with
other loan types.
Smaller down payment: FHA loans have a low 3%
down payment and the money can come from a
family member, employer or charitable organization
as a gift. Other loan programs don't allow this.
Easier qualification: Because FHA insures your
mortgage, lenders may be more willing to give you
loan terms that make it easier for you to qualify.
Less than perfect credit: You don't have to have
perfect credit to get an FHA mortgage. In fact, even if
you have had credit problems, such as a bankruptcy,
it's easier for you to qualify for an FHA loan than a
conventional loan.
More protection to keep your home: The FHA has
been around since 1934 and will continue to be here
to protect you. Should you encounter hard times after
buying your home, the FHA has many options to help
you keep you in your home and avoid foreclosure.
property-whichever is longer.
Government Assisted Mortgage Programs helping families in need
| Quick FREE FHA Loan Consultation |
CALL 1-800-341-8505
Consultants on duty 24-7
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listed yourself on any state or federal Do-Not-Call List. FHAbankdirect.com is not a lender or a broker and the terms offered to you are solely determined by our lenders. FHAbankdirect.com
is NOT affiliated with any government agencies, including the VA or HUD. FHAbankdirect.com is brought to you by Zapper Direct.
- LOW CREDIT SCORES- NO PROBLEM
- REFINANCE YOUR DEBT TO 95% OF YOUR
HOMES VALUE - ONLY 3% DOWN REQUIRED ON NEW HOME
PURCHASES - REFINANCE WITH LITTLE OR NO EQUITY
- PRIOR LATE PAYMENTS - NO PROBLEM
- LOW FIXED RATES
- QUALIFY FOR THE FHA STREAMLINE RATE
REDUCTION PROGRAM - WHEN RATES GO
DOWN, WE LOWER YOUR RATE!! ASK US
HOW - PRIOR BANKRUPTCY - NO PROBLEM
FHA Mortgage Quick Facts