FHA- Assist

FHA First-Time Home Buyer Programs

Purchasing a home is one of life's major landmarks and for some, it is even a dream come true. Here at FHA-Assist.com Loans we understand the magnitude of this decision and it is our goal to make your transition into home ownership unforgettable.

Low-Interest Loans, Credit Assistance, and Expert Advice

Our First-Time Homebuyer Specialists help you with FREE same day pre-approvals, low down payments, and savings on everything from appliances to moving expenses. The important step in purchasing a new home is to get pre-approved for a home loan. The peace of mind that comes with knowing that your mortgage loan has been approved will allow you to shop for your new home with confidence. And when you find a home and are ready to make an offer the fact that you have already been pre-approved for your loan amount will give the seller confidence in you as a buyer.

First World Mortgage Corporation offers the FHA loan program as a direct endorsed Lender who specializes in loans for first time home buyers. FHA home loans can offer low interest rates and more flexible underwriting guidelines for borrowers who have less than perfect credit. However, there are mortgage amount limitations for each county in the United States. Please check limits for fha mortgage loans here. These loans requires 3.5% down payment but it can be a 100% gift or you can use grant programs. Also, the seller can pay up to 6% of the purchase price in closing costs and the monthly PMI is lower than most 3% down conventional loans. Finally, it is one of the few loan programs left which allows an underwriter to take into account extenuating circumstances such as job loss, long-term illness, and death in the family as legitimate reasons for credit issues and they can manually approve a file on a case-by-case basis. See official Federal Housing Administration website for more detailed information and check out 100 questions and answers about buying a new home.

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