NATIONWIDE And Florida FHA HOME LOANS & MORTGAGES

Welcome To HomeTown Lenders, We Are Top Producing Nationwide and Florida FHA Mortgage Lenders

Ready to buy your home?

Let's Get Started

*Approximately 3 -5 Minutes to Complete The Form.

Ready to buy your home?

Let's Get Started

*Approximately 3 -5 Minutes to Complete The Form.

WHAT IS A FHA LOAN? - WHO QUALIFIES? - Is It Right For You?

HERE'S WHAT YOU NEED TO KNOW ABOUT NATIONWIDE & Florida FHA HOME LOANS & MORTGAGES

If you have questions about FHA Home Loans & Mortgages, we have answers. 

We are leading Nationwide & Florida FHA Mortgage Lenders, and for good reason. We have helped many families and individuals in Florida, Alabama, Arkansas, California, Kentucky, Louisiana, Maryland, Michigan, Missouri, Mississippi, New Mexico, Tennessee, Texas, and Virginia achieve their dream of home ownership through FHA Loans serviced through the Home Town Lenders Inc. – Ridgeland, MS Branch. 

What Is The FHA and How Do They Help?

The Federal Housing Administration (FHA) was created out of the National Housing Act of 1934, and was established to increase home ownership and provide affordable housing opportunities for all Americans coming out of the Great Depression. While most people believe that the FHA lends money directly to borrowers, it actually just insures the mortgage financed by FHA-approved lenders.

If you are ready to buy your home, Contact our Nationwide & Florida Licensed FHA Mortgage Loan Officers today. We will glad to to schedule your appointment to help you get prequalified and start your FHA Home Loan Mortgage process. 

WHY ARE FHA LOANS A GREAT DEAL?

FHA loans are by far the easiest mortgage loans to qualify for due to the flexible credit guidelines and the low down payment requirements. A borrower who cannot afford a traditional down payment of 20% or has gone through a financial hardship like a short sale, foreclosure or bankruptcy can benefit the most from the FHA program.

WHAT ARE THE ADVANTAGES OF FHA LOANS?

  • 3.5% down payment
  • Credit scores down to 580 (Special Restrictions Apply)
  • No prepayment penalty ever
  • An FHA loan may also be assumable
  • Up to 50% debt to income ratio
  • Allows for 6% seller paid closing costs
  • Easy to use gifts for down payment and closing costs
  • Allows for non-occupying co-borrowers to help qualify

WHAT ARE THE WAITING PERIODS AFTER A HARDSHIP?

  • 3 Years from Foreclosure or Short Sale
  • 2 Years from Discharge of Chapter 7 Bankruptcy
  • 3 Years from Discharge of Chapter 13 Bankruptcy

WHAT ARE SOME POPULAR Nationwide & Florida FHA MORTGAGE LOAN PROGRAMS?

Standard FHA Purchase

  • Most popular FHA program for home purchase
  • Fixed and ARM rates available
  • 1-4 unit properties eligible
  • 3.5% down payment

HUD REO $100 DOWN PROGRAM

  • Most popular HUD foreclosure program
  • No appraisal needed
  • Allows for repairs up to $5K
  • $100 down payment

FHA STREAMLINE REFINANCE

  • Most popular FHA refinance program
  • No appraisal required
  • No income verification
  • Reduced documentation

FHA Cashout Refinance

  • Debt consolidation OK
  • Cashout up to 85% LTV
  • Debt to income ratio to 50%
  • Fixed and ARM rates available

Be sure to take a close look at FHA and their programs to find out which one is right for you. Also, be sure to contact our Licensed FHA Loan Officers to get prequalified and start your FHA Home Loan Mortgage process.

A Diverse and Comprehensive Line of Loan Products to Fit Everyone's needs.

FHA LOANS

Down to a 580 Credit Score

VA HOME LOANS

Down to a 580 Credit Score

USDA LOANS

Down to a 580 Credit Score

CONVENTIONAL

Down to a 620 Credit Score

FHA
203K Loans

Down to a 620 Credit Score

Construction to Permanent

Down to a 620 Credit Score

FHA/VA/USDA
Conventional

Manufactured Home
Loans Available

Down Payment
Assistance

Need A Little Help?
There May Be Assistance!

how much Will My Payments Be?

Mortgage Calculator

$

5%

1%

4%

$

$1421

Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly Insurance $1421

By sending this form to your email you are agreeing to allow us to contact you by email to follow up with you. Call us today to see what programs you may qualify for and today’s interest rates

Hometown Lenders Helping You Achieve Your Dreams

Contact Our Loan Officers for your Nationwide Or Florida FHA Home Loans!

We pride ourselves in making your home financing experience as easy and affordable as possible. Our service is second to none.
Scroll to Top
HomeTown Lenders, Inc. Logo | HomeTown Lenders Mortgage Team | Jackson MS Mortgage Lender | Nationwide Mortgage Lender

Home Loan Pre-Qualification Inquiry

1
About You
2
Information
3
Complete
Enter Your Information
Next
Pre-Qualification Questions
Previous
Next
Final Questions

Thank you for choosing HomeTown Lenders for your home loan mortgage needs. One of our team members will contact you within the next 24 hours. In case of weekends or holidays, we will contact you the next available business day.

Previous
Finance Me A Home!

FHA, VA, USDA Loans SPECIAL RESTRICTIONS

Special restrictions and guidelines for bad or poor credit.

All loans FHA, VA, USDA:

  1. FHA –  Minimum loan amount 200K
  2. Alternant trade lines ( utility bill, child care, insurance etc) 12 month history no late payments
  3. BK 7 Discharge over 2 years.  BK CH 13 3 years from file date
  4. Foreclosures over 3 years  
  5. Verifiable Rental history 12 months no lates (Cancel checks, money orders or by management company)
  6. 3 Months of reserves ( 3 months payments in reserves . example in bank, 401k etc)
  7. No excessive late payments in the past 12 months
  8. No Mortgage lates

On FHA with Credit scores less than 580

  • 90% LTV(Loan to Value) with 10% Down payment .

On VA with Credit scores less than 580  

  • 3.  100% LTV(Loan to Value) NO Down Payment

 On USDA with Credit scores  of 580-619

  • 100% LTV(Loan to Value) NO Down Payment

Guidelines