There are many reasons why FHA loans are so popular.  Below are some of the reasons you should look at doing a FHA loan. 

• Get to closing faster - easier to qualify:
• No minimum credit score is required
• Non-traditional credit is acceptable (Cell Phones, Insurance)
• Low down payment
• Non-occupant co-borrower is permitted
• Expanded qualifying ratios

• Protections and advantages:
• No prepayment penalties
• Fully assumable
• Default assistance
• Lower premiums
• Non-credit qualifying streamlines refinances
• Competitive interest rates and lower premiums

• Compatible with industry requirements on:
• Appraisal and repair
• Closing costs
• Lender insurance
• Automated Underwriting Systems (AUS) using FHA's TOTAL Scorecard
• Similar documentation for comparable products

• FHA's loan products meet your borrowers' needs:
• Flexible buy and repair with Streamlined 203(k) mortgage
• Reverse mortgage (HECM)
• 95% cash-out refinances
• Manufactured homes
• Construction - permanent mortgage
• Works well with state and local agency products

For more information on FHA and which loan is best for you call us at 888-378-8588 or fill out a quick application by clicking the APPLY ONLINE link on the left and one of our Program Counselors will review your information and call you to go over your options.  You may also obtain information on FHA by visiting their website at http://www.fha.gov/.