FHA* Loan
This option is provided by the *Federal Housing Administration.
FHA loans were designed to make homeownership more affordable. This program is very popular with first-time homebuyers who have limited amount of funds for a down payment.
FHA Loan
List of Services
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List Item 1
+ Low down payment options
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List Item 3
+ Flexible income and credit requirements
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+ Fixed- and adjustable-rate mortgages
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+ Loans for 1- to 4-unit properties and condos may be available
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+ Down payment funds can be a gift from a relative or employer**
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+ Home sellers can contribute up to 6% of closing costs
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+ Higher home inspection standards
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+ Higher Debt-To-Income Ratio
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+ The ability to pay a 3.5%-10% down payment
General Framework Requirements
*New American Funding is not affiliated with any government agencies. These materials are not from VA, HUD or FHA, and were not approved by VA, HUD or FHA, or any other government agency.**Subject to underwriting review and approval.
Interested in learning more about this loan program?
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