FHA Loans
Your Stepping Stone to Homeownership
The FHA (Federal Housing Administration) Loan is famous for helping people realize the American Dream when they thought it might be out of reach. Whether you are looking for your first home in Swansboro or relocating to Georgia, an FHA loan offers more lenient qualification requirements than almost any other mortgage type.
The FHA
Advantage
Because these loans are insured by the government, lenders can offer you great rates even if your financial history isn’t perfect.
Low Down Payment
Buy a home with as little as 3.5% down.
Low Down Payment
Buy a home with as little as 3.5% down.
Credit Flexibility
You may qualify with a credit score as low as 580.
Credit Flexibility
You may qualify with a credit score as low as 580.
Assumable Mortgages
FHA loans are often “assumable,” meaning when you sell your house in the future, the buyer might be able to take over your interest rate—a huge selling point!
Assumable Mortgages
FHA loans are often “assumable,” meaning when you sell your house in the future, the buyer might be able to take over your interest rate—a huge selling point!
Is This Loan
Right for You?
An FHA loan could be the perfect solution for you if:
You are a First-Time Homebuyer.
You are rebuilding your credit but are ready to buy now.
You want to keep your cash reserves high and your down payment low.
Corey's TIP:
“FHA loans generally require Mortgage Insurance Premiums (MIP) for the life of the loan. I can help you calculate if refinancing into a Conventional loan later makes sense.”