FHA Loan

An FHA home loan is the easiest type of mortgage loan to qualify for; because FHA loans are insured by the government they make it effortless for the lender to offer you the best possible deal:

Minimum 3.5% Down Payment
Low Monthly Mortgage Insurance
Low Closing Costs
Relaxed Credit Score Requirements (down to a 580)
Quicker to Qualify Post-Bankruptcy
If you want to sell your home, the buyer can “assume” your loan
FHA Loans are not just for first time home buyers
Basic FHA Home Loan Info and Requirements:

Basic FHA Home Loan Info and Requirements:

Two years of steady employment.
Last two years Income should be the same or increasing.
Bankruptcies must be at least two years old, with perfect credit since discharge.
Foreclosures must be at least three years old, with perfect credit since foreclosure.
You must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
Monthly debt (mortgage, credit cards, auto, student loans, etc.) cannot be more than 43% of your monthly income.

If you have answered yes to most of these basic requirements, you probably qualify for a FHA mortgage loan. Contact 5280 Financial Group, Inc. at (303) 634-2271 or complete the online application and let our expert team guide you through the FHA Loan process.

In turn, if you are in need of a home loan but are worried about bad credit and bringing a large amount of money to the table, contact 5280 Financial Group, Inc. and they will put together a custom mortgage program for you. We can also help you with more information about FHA home loan rates.

Information about FHA Streamline Refinancing – Click here