FHA- Assist

HUD - Federal Housing Administration Home Loans

FHA Rescue Plan
FHA to insure up to $300 billion in new loans over the next four years. Expanded alternatives available on FHA purchases and FHA refinancing.

FHA Loan Highlights
An FHA loan is a mortgage insured by the Federal Housing Administration. Contrary to popular belief FHA loans are not just for first time home buyers.

Low down payments
FHA loans usually require just a 3 1/2 percent down payment. Down payments can also be gifted to the borrower from family members.

Low closing costs
FHA currently restricts the amount of origination fees to be a maximum of one percentage point. This usually means lower closing costs than a conventional mortgage.

Easy credit qualifying
Those with less-than-perfect credit are more easily approved for a loan through FHA programs because the federal government insures them therefore allowing the banks to lend more freely.

Lower overall costs
An FHA loan can have a much better interest rate, which cuts down on the overall cost of the loan.

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Apply On-line here!

FHA might be just what you need. Your down payment can be as low as 3% of the purchase price, and most of your closing costs and fees can be included in the loan. Available on 1-4 unit properties. FHA has a loan that allows you to buy a home, fix it up, and include all the costs in one loan. Or, if you own a home that you want to re-model or repair, you can refinance what you owe and add the cost of repairs - all in one loan.

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