FHA Loans

Federal Housing Administration (FHA) Loan

If you’d love to buy a home but lack credit, a down payment, or are unable to cover closing costs, an FHA loan may be the solution. FHA financing was developed to provide homebuyers with an alternative to conventional financing and include attractive and flexible guidelines.

Eligibility and benefits include:

check markLow 3.5% down payment

check mark100% gift funds – the entire 3.5% down payment can be a gift from parents, relatives or an employer

check markFHA allows sellers to give up to 6% of the home’s purchase price to an FHA buyer to pay for closing costs and pre-paid costs.

check markFlexible credit qualifying – because it is government-backed, it’s possible to qualify for an FHA loan with a lower credit score than on conventional loan programs

check markUpfront mortgage insurance may be financed or paid in cash.

check markMay also be an option for borrowers with limited equity looking to refinance

check markAbility to choose from a fixed-rate or adjustable rate.

Ready to see if you could benefit from a flexible mortgage option? Give me a call today!

For more information about this loan program, please contact your local Loan Officer. Eligibility, programs, rates, terms and conditions are subject to change without notice. Credit and collateral are subject to approval.

loanOfficerImage

Ed Butler

Loan Officer

Movement Mortgage

Wondering how much home you can afford? Let’s talk about your next move!

901 Dave Gibson Blvd,
Fort Mill, SC 29708

NMLS #108407
State License #FL-LO61054, NC-I-135497, SC-MLO-108407

Call
(704) 281-3822

Fax
(704) 900-0649