FHA Loans | Liberty Home Mortgage
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FHA Loans

  • Are you a First Time Homebuyer and you are looking to purchase a home with little money down or even gift money?
  • Are you just stepping out into the world and starting a new job or changing jobs and would like to still get qualified for a mortgage loan?
  • Are you purchasing your first home and you are not wanting to empty out all of the money that you have in your bank account?
  • Did you have a previous bankruptcy or foreclosure due to some of life's unexpected bumps in the road and you are wanting to gain some stability by purchasing a home?

If you answered "yes" to any of the above questions, than an FHA mortgage loan could be the perfect fit for your needs.

Even though the guidelines are much more extensive and much more involved and every situation is different, here is a basic snapshot of our FHA guidelines:

  • Our FHA loans allow a homebuyer to be only 2-years out of a Chapter 7 Bankruptcy, yet still qualify to buy.
  • Our FHA loans allow a homebuyer to be only 3-years from the satisfaction of a foreclosure, yet still qualify to buy.
  • Our FHA loans do not require that all collections be paid off as a requirement to purchase a home.
  • Our FHA loans allow that some types of debt not be counted into the debt-to-income ratio when qualifying for this type of loan.
  • Our FHA loans allow gift money to be used to help qualify for the mortgage.
  • The debt ratio for our FHA Loans allows a homebuyer to buy a little more than a Conventional Loan due to market fluctuations and increases.
  • All of the down payment may be gifted by a family member.
  • This is one of our most flexible loan options in regards to getting qualified to own a home. Call one of our representatives

With our FHA mortgage loans, a borrower can have a score as low as a 580 and still possibly get qualified to purchase a new home. If this is what you are looking for, then don't waste any time and contact us right now!! One of our representatives would love to help you on your road to homeownership.

For more information, call our main offices at 1-440-838-5291 or  apply online.

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4401 Rockside Rd Suite 310   |   Independence, OH 44131   |   Phone: 1-440-838-5291
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Company NMLS unique identifier 1114762, Ohio SM.501934.000
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Texas Mortgage Banker Disclosure

Figure: 7 TAC 81.200(c)

"CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT'S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. 
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT'S WEBSITE AT WWW.SML.TEXAS.GOV."

COMPLAINTS REGARDING THE SERVICING OF YOUR MORTGAGE SHOULD BE
SENT TO THE DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH
LAMAR, SUITE 201, AUSTIN, TX 78705.  A TOLL-FREE CONSUMER HOTLINE IS
AVAILABLE AT 877-276-5550.

A complaint form and instructions may be downloaded and printed from the Department’s
website located at www.sml.texas.gov or obtained from the department upon request by mail at
the address above, by telephone at its toll-free consumer hotline listed above, or by email at
smlinfo@sml.texas.gov .