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FHA Home Loans
Are you looking for more information and tips about FHA Home loan programs? Then this articles will give yo uthe tips you need for free.
FHA home loans allow first time home buyers and current home owners buy a home with less than 3% down or FHA home mortgage refinance up to 97% of the homes value.
Research FHA loan programs which help you with buying a home with no money down, learn about FHA loan qualifications, or get a free FHA home loan prequalification.
FHA-home-loans.com will show you the advantages of FHA home loans, why FHA loan qualifying is easier and how the regulated closing costs of FHA loans protect you.
Use our free tools and services to receive FHA home loans program updates, search homes for sale, maximum FHA loan limits, and our free FHA mortgage rate watch program.
We now also offer the FHASecure refinance loan. Bookmark FHA Home Loans.com now and refer it to family, friends, and co-workers.
The FHA loan program was created to help increase homeownership. The FHA program makes buying a home easier and less expensive than other types of real estate mortgage home loan programs. Some highlights of the FHA loan program are:
- Minimal Down Payment and Closing Costs.
- Downpayment less than 3% of Sales Price
- 100% Financing options available*
- Gift for downpayment and closing costs allowed.
- No reserves or required.
- FHA regulated closing costs.
- Seller can credit up to 6% of sales price towards buyers costs.
- Easier Credit Qualifying Guidelines such as:
- No minimum FICO score or credit score requirments.
- FHA will allow a home purchase two years after a Bankruptcy.
- FHA will allow a home purchase three years after a Foreclosure.
- Easier Debt Ratio & Job Requirement Guidelines such as:
- Higher Debt Ratio's than other home loan programs.
- Less than two years on the job is allowed.
- Self-Employed individuals o.k.
These advantages of the FHA loan program has made it one of the best options for most first time home buyers as well as move-up home buyers.
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