Federal Housing Administration (FHA) insured loans are made by private lending intuitions such as banks, savings & loans, or mortgage companies to eligible borrowers for the purchase of a home. FHA insured loans offer a number of benefits for both lender and borrowers. Since 1934, the program has insured over 35 million home mortgages.

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In addition to the favorable financial terms, FHA insured loans offer the following benefits:

• Equal opportunity for all qualified borrowers
• Required down payments as low as 3.5% of the purchase price
• Ability to finance up front Mortgage Insurance Premium
• Ability to finance the cost of repairing and / or improving a property in need of rehabilitation
• Right to prepay without penalty
• Credit Improvement in the qualifying process for some borrowers
• Availability in all areas of the country
• Default assistance and foreclosure prevention

Call me today to learn more about homeownership and what options you may have through the FHA program.