FHA Home Loans

An FHA is the easiest way to qualify for refinancing and home buying. As an approved FHA lender, BankerBroker.com & its affiliates will guide you through our state of the art process with minimal fuss. Contrary to popular thinking, the FHA program is not just for low income home buyers or just the first time buyers alone. FHA is actually a program designed for everyone, whether a first time buyer or a seasoned home owner regardless of income. 

FHA LOANS Make Qualifying Easy!!!!!

FHA home loans allow buyers to buy a home with less than 3.5% down or up to 96.5% of the homes value.  Some highlights of the FHA loan program are:

• Minimal Down Payment and Closing Costs.

• Downpayment less than 3.5% of Sales Price

• Gift for downpayment and closing costs allowed

• No reserves required

• FHA regulated closing costs

• Seller can credit up to 6% of sales price towards buyers costs

• Easier Credit Qualifying Guidelines such as:

• Minimum FICO credit score of 640

• FHA will allow a home purchase two years after a Bankruptcy

• FHA will allow a home purchase three years after a Foreclosure

• FHA will allow a home purchase after a short sale (0x30 mortgage lates required) 

• Easier Debt Ratio & Job Requirement Guidelines such as:

• Higher Debt Ratio's than other home loan programs.

• Less than two years on the job is allowed.

• Self-Employed individuals o.k.

  • First Time Homebuyers are eligible 

With FHA you’ll get a government-insured loan with the security of a fixed rate in 15 or 30-year terms, or you can opt for the FHA 5-year ARM.

• • Do you need less stringent qualification requirements?

  • Is your down payment or home equity less than 20%?

  • Do you prefer the security of a government-insured loan?

If you answered yes to any of these questions, an FHA loan might be right for you! More on FHA

Talk with a Home Loan Expert Now at (877) 410-6663 or fill out the short form to get started! 

Benefits For The Home Buyer Include:

• During periods of rising rates, the FHA Loan will typically offer the homebuyer a lower starting rate than a comparable Conventional mortgage product. This is primarily due to the fact that the FHA Interest Rates tend to lag behind Conventional interest rates by 2 to 5 days. This difference can potentially save a borrower anywhere from .125% to .25% in the rate they are able to Lock-in.

• The FHA program offers the typical homebuyer comparable terms to Conventional home loan programs at usually a lower monthly mortgage payment. This is a result of the lower monthly cost of MIP (Mortgage Insurance Premiums).

• A much lower cost Versus a Conventional Mortgage to Refinance for improved rate and terms using the Streamline Refinance option offered by FHA. This factor becomes even more important as interest rates increase.

• Easier qualification, long term, for a refinance and consolidation of debt with recent credit dings at a much lower interest rate Vs. comparable product offering where credit issues exist.

• The FHA Loan is assumable by qualified home buyers. This is important for two reasons.

  1. As rates increase, and the Real Estate Market transitions to a "Buyers Market", it is a selling point for your home. Allowing you to maximize your asking price to qualified buyers who want your lower payment, principle pay down and interest rate.

  2. In times of personal financial crises, it allows for a quick exit of the property with potential options to sell to a credit challenged home buyer who may have significant cash to offer, in exchange for a lower interest rate, lower payments, higher pay down of existing principle and easier qualification.