Loans Made for First-Time Homebuyers

Did you know that the Federal Housing Administration (FHA) has special loan programs available to help you achieve the dream on home ownership?

Why choose an FHA loan?  FHA loan costs less , are easier to qualify for and require low down payments (as low as 3%) - and down payment can come from a family member, an employer or even a charitable organization.

Qualifications for an FHA Loan:

• At least two (2) years with the same employer
• Consistent or increasing income over the past two (2) years
• Good credit report with less than two (2) 30-day late payments in the past two (2) years
• Any bankruptcy must be at least two (2) years old
• Any foreclosure must be at least three (3) years old
• The mortgage payment you qualify for must be approximately 30% of your total monthly gross income

Becoming a homeowner is easier than you might think.  Call me today to learn how an FHA loan can make your dream a reality.

Make sure you understand the features asociated with the loan program you choose and that it meets your unique financial needs.

Maxium loan amounts is $362,790; however, maxium loan amounts vary by state, county and property type andmay be less.  Not all applicants will qualify.