Services - FHA

FHA loans have been our area of expertise since we started the company. While the down-payment assistance programs (DPA) have gone away for now, you can still purchase a home with only 3.5% down and with a seller contribution, we can even reduce the actual funds used at the closing table.

The underwriting standards for these loans have gotten much tougher, but it is still the right product for anyone putting less than 10% down on a purchase as the mortgage insurance is lower than on a conventional loan. The minimum credit score is now 620 but we can help most people get there in a reasonable amount of time.

Refinances can be done up to 97.75% of the value of your home to pay off mortgages and up to 85% to pay off other debts.

We put the majority of our first-time homebuyers in these loans even while everyone else was pushing the 80/20 financing options. Not only did we secure fixed rates for our borrowers, but we were also able to refinance all of those clients later without even doing an appraisal. FHA allows you to refinance your existing FHA loan regardless of its current value and they do not even require income documentation other than the fact that you are actually employed.

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