FHA Loan Advantages

  • Low down payment required (3.5 percent minimum)
  • Can go as low as 580 credit score
  • Not limited to 43 percent for debt-to-income ratio. Can go as high at 56.99%
  • FHA loans are assumable
  • FHA loans are eligible for ”streamline” refinances
  • Shorter timeframe following major credit problems (3 years vs. 7 years for foreclosure and 2 years vs. 4 years for bankruptcy)
  • FHA loans typically will have a lower base interest rate than a comparable conventional loan
  • Non-occupant co-borrower (relative) may be used for qualifying by blending ratios
Get Started with FHA Hybrid
Get Started with FHA Purchase
Get Started with FHA Refinance