Great Option for first time Buyers

FHA home loans remain an integral part of the government's efforts to help more Americans become homeowners; both for first time home buyers and buyers are entering the housing market. For borrowers with credit issues, not much money for a down payment, or lack of credit history, FHA loans provide an alternative path on the road to homeownership. This path starts with a more relaxed set of loan guidelines; this allows for lower credit scores, lower interest rates, gift money for down payment and closing costs and more.   

Home prices and mortgage rates remain low, making this a great time to purchase your new home with government-backed, FHA financing. And, FHA loans are available in a variety of terms, to suit your individual needs the most popular with my clients are the 15 year / 30 year fixed rate loan terms. Along with the many loan terms, FHA also allows for multi-family financing. This means you can buys a mulit -family unit with the same 3.5% down payment and move into the home and start collecting rent from the other units. Remember as you move up in risk the loan guidelines will also increase, some lenders may require a higher credit score or liquid assets in the bank etc (Mortgage Guidelines at times change/updated on a monthly bases).

Jesse Stroup

MORTGAGE PRODUCTSWith multiple in-house loan programs, Jesse Stroup has all of the tools necessary to find the best home loan to position your family for successWe offer Conventional, FHA, VA, High balance and jumbo Purchase and Refinance home loans... more