NATIONWIDE And Jackson MS FHA HOME LOANS & MORTGAGES
HomeTown Lenders, Inc. Ridgeland, MS Branch - Top Producing Nationwide and Jackson MS 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 & JACKSON MS FHA HOME LOANS & MORTGAGES
If you have questions about FHA Home Loans & Mortgages, we have answers.
Welcome to HomeTown Lenders, Inc. Ridgeland, MS Branch. We are leading Nationwide & Jackson MS FHA Mortgage Lenders, and for good reason. We have helped many families and individuals in Alabama, Arkansas, California, Florida, Illinois, Indiana, Kentucky, Louisiana, Maryland, Michigan, Missouri, Mississippi, New Mexico, South Carolina, Tennessee, Texas, and Virginia achieve their dream of home ownership through FHA Loans.
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 & Jackson MS 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 600 (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 & JAckson MS 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 500 Credit Score
with 10% Down Payment
Down to a 581 Credit Scorewith 3.5% Down Payment
CONVENTIONAl
Down to a 620 Credit Score
FHA 203K Loans
Down to a 620 Credit Score
Jumbo Loans
Down to a 620 Credit Score
FHA/VA/USDA
Conventional
Mobile Home Loans Available
Down Payment
Assistance
Help May Be Available!
