Low
Interest Rate North Carolina FHA Home Mortgage Loans
Call
888.694.0455 ext 85 or Apply
Online to get started today.
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.
You do not have
to be a first time buyer to obtain a FHA loan, anyone may
use a FHA loan as long as you do not have more than one FHA
insured loan at any one time.
