Ready to be Quoted Now? Click Here!
An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). An FHA loan is a great program for those that do not want to put down large down payments or do not have perfect credit.
In areas of Michigan that do not qualify for Rural Development financing, the FHA loan is a great alternative. This loan only requires 3.5% down, the seller can pay your closing costs and it has low-interest rates.
Here are the benefits of an FHA Loan:
- Only 3.5% down
- The down payment may be a gift
- Seller can pay closing costs of up to 6% of the purchase price aka. concessions
- Lower credit score requirements (typically a min of a 620 credit score)
- Low fixed interest rates
- Terms of 15, 20 and 30 years are available.
Contact Rebecca for more information on your eligibility!
What is Your Zip Code?
Zip Code
Your information is always secure. ๐
What type of loan do you need?
Purchase or Refinance?
Your information is always secure. ๐
Great! What type of property are you looking to refinance?
Property Type
Your information is always secure. ๐
Estimate your credit score:
Approximate
Your information is always secure. ๐
How is this property used?
Choose from below:
Your information is always secure. ๐
What is your employment status?
Choose from below:
Your information is always secure. ๐
Bankruptcy, short sale, or forclosure in the last 7 years?
Check an option:
Your information is always secure. ๐
Please fill out your information so I can get in touch.
Full Name:
Email Address:
Cell Phone:
Thank you for taking the time to submit your info so I can work up a custom rate quote.
I will contact you shortly! ~ Rebecca