Advantages of FHA Loans: -You can qualify with a lower credit score compared to other loans and higher debt ratios allowed. -30 year fixed, 15 year fixed, 5/1 arm, and 3/1 arm loan products are offered -You can buy a home with a down payment as low as 3.5%. -If you already have an FHA loan, you can refinance with FHA Streamline to lower your interest rate. -You may qualify even if you’ve had financial difficulties in the past, like a bankruptcy or foreclosure, as the waiting period is shorter than on conventional loans. -You may be able to roll your closing costs into your loan.
Term : 30 years
Maximum Amount : $679,650
