FHA Loans

FHA Mortgage

FHA making lending easier. FHA’s government backing makes it a lot easier for lenders to lend to those who would traditionally not meet conventional guidelines.

Some of the main highlights are to FHA lending is that rates are lower than conventional and loans are underwritten with the human touch and not determined simply by a computer program. This common sense underwriting means underwriters put themselves in the shoes of the borrower and listen to their story. This means underwriters can accept higher debt to income ratios up to 57%, no credit score scenarios, applicants currently in a bankruptcy, scores as low as 580 with 3.5% down and 500 with 10% down, manufactured homes, construction loans, cosigners and gifts from family, friends or non-affiliated third parties. If it makes sense it can be done through FHA.

There is a lot more to learn and we would be happy to share with you more and learn your story and find a way to make your dream a reality.