FHA loan helps first time home buyers
We all know how difficult it can be to buy your first home. If you are a first time home buyer looking to buy property in Colorado, Denver, Iowa, Omaha or Nebraska you need find out if you qualify for a FHA loan. An FHA mortgage is insured by the Federal Housing Administration and the good news is that it is easier to qualify for a FHA loan than a conventional mortgage.
An FHA mortgage also offers other benefits including lower rates, lower mortgage settlements and lower down payments. If you are looking to buy real estate in the Midwest, Freedom Lending can help with an FHA mortgage, thereby bringing you one big step closer to your owning your dream home. And you don’t need a perfect credit score to qualify for an FHA loan. Even if you have filed for bankruptcy or have a bad credit history, Freedom Lending can help you with your credit repair and your FHA loan.
Heavy deposits of 10% and more often make it impossible new home seekers to acquire real estate. An FHA loan only requires a down payment of 3.5% thereby lowering the barriers to entry substantially. The FHA also makes it possible for sellers or builders to pay some of the mortgage closing or settlement costs. This makes the property purchase even more attractive and helps to close the sale. You can also refinance your existing mortgage with FHA streamline refinancing.
So as you can see there are many advantages and benefits to an FHA loan. In order to get an FHA loan you need to apply through an FHA approved lender such as Freedom Lending. Now you can get your little piece of real estate right here in the Midwest, from Colorado to Nebraska.