FHA loans are not credit-score driven. Borrowers can have a lower score than other products and still qualify for a good rate.
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FHA loans require as little as 3% down.
FHA loans allow down-payment assistance programs. This allows the seller to cover the buyer's down payment and closing costs. This means borrowers, especially first-time buyers, or move-up buyers with limited funds, have a real opportunity of getting into a home with little or no cash at closing. For sellers, this means you can offer concessions that make marketing your home much more attractive without having to lower the price of your home again.
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FHA loans allow a) Sellers to finance all of the buyer's costs to close; b) Homeowners to take cash out up to 95% of the home's value; and c) Homeowners to consolidate a first and second loan up to 97% of the home's value.
FHASecure
Are you approaching a deadline on your Adjustable Rate Mortgage? Has it already expired? Have you fallen behind on your payments, or are about to, due to the increase in your interest rate? FHASecure is a program geared specifically to help those homeowners that are unable to remain timely on their mortgage payments due to an adjustment in their rate. Call today to see if you qualify to refinance your home in to a much lower payment, thereby avoiding foreclosure. Or, apply here.
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Team USA Mortgage 559 Braund Street Suite 2 Onalaska, WI 54650
