fbpx

FHA Loans

Federal Housing Administration (FHA) Loan

If you’d love to buy a home but lack credit, a down payment, or are unable to cover closing costs, an FHA loan may be the solution, FHA financing was developed to provide homebuyers with an alternative to conventional financing and include attractive and flexible guidelines. 

FIND OUT MORE ABOUT THIS PROGRAM:

👉 580+ Fico score requirements

👉 Low 3.5% down payment

👉 100% gift funds – the entire 3.5% down payment can be a gift from parents, relatives or an employer.

👉 FHA allows sellers to give up to 6% of the home’s purchase price to offer an FHA buyer to pay for closing costs and pre-paid costs.

👉 Flexible credit qualifying – because it is government-backed, it’s possible to qualify for an FHA loan with a lower credit score than on conventional loan programs.

👉 Upfront mortgage insurance may be financed or paid in cash

👉 May also be an option for borrowers with limited equity to refinance.

👉 Ability to choose from a fixed-rate or adjustable rate

NRL MORTGAGE © 2021. ALL RIGHTS RESERVED 1-800-669-9777 |

NMLS ID 181407
|WWW.NMLSCONSUMERACCESS.ORG
THIS IS NOT A LOAN APPROVAL

PRIVACY POLICY

LEGAL

NRL Mortgage. NMLS ID# 181407 (www.nmlsconsumeraccess.org)
An approved equal housing lender. Equal Housing Opportunity. Fair Housing & Discrimination violations will be reported online to HUD’s local FHEO Regional Office or by calling the Fair Housing Complaint Hotline at 1-800-669-9777

Last Updated 9-26-2021

© 2021  by The Loan Rangers Lending Team

%d bloggers like this: