Are you thinking of buying your first home??
There are lots of good reasons to choose an FHA-insured loan as your first loan, especially if one or more of the following apply to you:

• You're a first-time homebuyer.
• You don't have or want to put a lot of money down on a house.
• You want to keep your monthly payments as low as possible.
• You're worried about your monthly payments going up.
• You're worried about qualifying for a loan.
• You don't have perfect credit.
  

If any of these things describe you, then you are a perfect candidate to use the FHA loan as the loan of choice as a first time home buyer. Why? FHA-insured loans offer many benefits and a level of security that you won't find in other loans including:

Low cost:
FHA-insured loans have competitive interest rates because the federal government insures the loans for lenders.

Smaller down payment:
FHA-insured loans have a low 3.5% downpayment and the money can come from a family member, employer or charitable organization as a gift.
Easier qualification: Because FHA insures your mortgage, lenders may be more willing to give you loan terms that make it easier for you to qualify.

Less than perfect credit:
You don't have to have perfect credit to get an FHA-insured mortgage. In fact, even if you have had credit problems, such as a bankruptcy, it's easier for you to qualify for an FHA-insured loan than a conventional loan.

More protection to keep your home:
The FHA has been helping people since 1934. Should you encounter hard times after buying your home, the FHA has many options to keep you in your home and avoid foreclosure.

You may use an FHA-insured mortgage to purchase or refinance a new or existing 1- to 4-unit home, a condominium or a manufactured or mobile home (provided it is on a permanent foundation).

Contact us now to begin your FHA Loan Process!