FHA Home Loans
The Federal Housing Administration (FHA), which is part of the Department of Housing and Urban Development (HUD) has been helping people buy homes since 1934. The FHA does not directly provide loans to people but instead insures the loan so that lenders feel more secure in lending with less strict income, credit and down payment requirements.
The FHA requires as little as 3.5% of the purchase price for a down payment on a home and provides for low closing costs. To be eligible for 3.5% down you need a minimum score of 580. If you have a score between 500-579 you may still qualify with 10% down.
An FHA loan can be used on:
All information is provided as a courtesy, not a guarantee, it is believed to be true and accurate at time of posting. Please talk to a lending professional for more information and to verify accuracy.
The FHA requires as little as 3.5% of the purchase price for a down payment on a home and provides for low closing costs. To be eligible for 3.5% down you need a minimum score of 580. If you have a score between 500-579 you may still qualify with 10% down.
An FHA loan can be used on:
- Single Family homes
- 1-4 Unit properties
- Mobile homes
- Manufactured homes
All information is provided as a courtesy, not a guarantee, it is believed to be true and accurate at time of posting. Please talk to a lending professional for more information and to verify accuracy.
Buy or Sell A Home With Melanie Today
Cell: 318-422-5745
Office: 318-868-3600
Text, Call or email me anytime
Cell: 318-422-5745
Office: 318-868-3600
Text, Call or email me anytime