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Federal Housing Administration loans

HELPING YOU TO BUY

The FHA loans program is a government sponsored home loan program geared toward first-time home buyers. FHA loans require smaller down payments and they offer more relaxed credit score requirements and bankruptcy timeframes. This loan is perfect for purchasing a primary residence without paying a large down payment. This program is available for purchasing a home, refinancing your existing, using equity for cash-out and home repair programs.

If you dream to own your own home but worry about down payment, low credit scores or closing costs, this loan may be the solution.

WHY WE LOVE THIS

  • Low Down Payment Options At 3.5%
  • Seller Contributions As Much As 6%
  • No Income or Purchase Price Limits
  • Flexible Credit Qualifying
  • No First Time Homebuyer Requirements
  • 100% Gifted Deposits Allowed

MTG APP CHECKLIST

Here are some of the items you should gather for your pre-approval. You are not required to have all the documents on hand to submit your request for pre-approval and your mortgage advisor will guide you on what items are needed based on your circumstances.

 

  •  IDENTIFICATION
    You will need a U.S. government-issued form of ID, usually a State-issued Driver’s License.
  •  PAY STUBS
    You should have your most recent pay stubs or other earned income documentation for the last 30 days.
  •  BANK STATEMENTS
    The lender will need most recent two months of official bank statements, which include the account number(s) and any blank pages.
  •  FEDERAL TAX RETURNS AND W2’S/1099’S
    You may be asked to provide your tax filings and W2’s /1099’s for the last two years for all forms of income you received (earned income, self-employment, etc.)
  •  RETIREMENT BASED INCOME
    If applicable, provide income documentation for any retirement pensions, annuities or Social Security.
  •  DISABILITY BASED INCOME
    If applicable, also include proof of income from worker’s compensation, State Disability, Social Security Disability or private settlement.

 

You won’t need to supply a credit report. With your authorization, we will pull your credit report, free of charge.

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