FHA HOME LOANS

What is a FHA Home Loan?

An FHA loan is a federally insured loan guaranteed by the (FHA) Federal Housing Administration, which has been insuring mortgages since 1934 and is administered by (HUD) Housing and Urban Development.

FHA loans are very popular for all consumers with different credit types and offer many attractive features to borrowers. In today’s mortgage market, FHA loans are being sought by borrowers with less than perfect credit as well as borrowers with great credit for many beneficial reasons.

FHANJ123.com has an FHA mortgage specialist waiting to approve you.

FHA LOAN HIGHLIGHTS

• Low closing costs.
• Low down payments. Only 3.5 % down.
• Purchase loans and refinance loans available.
• Debt consolidation refinancing.
• Loan limits increased up to $729,750 across the country.
• Fixed rate mortgages available.
• Easy credit qualifying. Those with less-than-perfect credit are more easily approved for a loan. Even    today prime borrowers are taking advantage.
• FHA loans can offer a better interest rate.

We can help. Apply online and a mortgage expert with assist you.

WHAT'S REQUIRED FOR ELIGIBILITY?

• You must have a valid Social Security Number and be a legal resident of the United States.
• We need to verify whether you can qualify for the mortgage by checking your income, assets, credit    history and debt ratios. This is not needed for a FHA streamline refinance.
• There is no minimum credit score required to qualify for an FHA loan; but your score once examined    will help determine the interest rate you may qualify for.