FHA Loans

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  • 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 1-440-665-7627 or  apply online.