What are the benefits of an FHA loan?
Lower down payment.
The minimum down payment for an FHA home mortgage is only 3.5%. That means if you’re purchasing a home for $175,000, you only need a little over $6,000 for your down payment.
Easier credit qualification.
Credit score plays a huge part in the type of home loan you qualify for and the rates you’re eligible for. FHA loans offer some of the lowest credit requirements of any loan.
Covered closing costs.
Some loans require the borrower to cover all of these associated costs. Good news. With FHA loans home sellers, builders, and lenders are able to pay some of these costs.
Approved FHA lender.
The Federal Housing Administration does not lend directly to borrowers. Instead, it relies on vetted and approved mortgage lenders to assist borrowers with FHA financing.
Steps to an FHA loan.
Our mobile app, Mortgage Express, helps you get pre-approved quickly. It’s secure and you can upload all required documents straight into the app to save you time and energy.
Your GVC Mortgage Consultant will keep you and your agent updated every step of the way with our Milestone Updates.
Your consultant will assist you with everything you need and help you setup your closing appointment.
FHA quick contact form.
Contact us using the form below and one of our mortgage consultants will respond to you shortly.