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Major benefit of applying for FHA home loans is that you don’t have to put up 20% of the cost as down payment. You can secure a mortgage by only putting 3.5% of the cost of the home as down payment.
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Attracted By FHA Home Loans? Here are Few Things You Should Know Web: www.awmlending.com
Qualifying for FHA Loans In order to qualify for an FHA loan, a borrower must meet the minimum requirements of the Federal Housing Administration. That means he/she must have a credit score of at least 520, must be employed for at least 2 years with the same company and must be a legal resident of the United States of America. The Federal Housing Administration loans are available for first time buyers, repeat buyers, and for refinance. Also, there are no income limitations on these loans.
Benefit of applying for FHA home loans Another major benefit of applying for FHA home loans is that you don’t have to put up 20% of the cost as down payment. You can secure a mortgage by only putting 3.5% of the cost of the home as down payment. Today, FHA loans are one of the most rewarding and flexible home loans available in the country.
Some Facts about FHA • The FHA is not a mortgage lender. It merely insures the loans facilitated by FHA approved lenders. • FHA loans are not just for the first time buyers. You can apply for one even if you already own one home and are looking to buy another. • FHA loans require just 3.5% down payment • FHA accept low credit scores • You can reapply for an FHA loan from another lender if you have been turned down by one lender.
All Western Mortgage is an FHA approved lender and we offer this loan even if you have a less than perfect credit history. If you want to apply for an FHA loan or have any further questions, feel free to call us at 702-850-2790 or visit http://www.awmlending.com/loans-FHA.php
All Western Mortgage - Serving Its Customers Since 1981. Contact Us • State the desired goal • State the desired objective • Use multiple points if necessary Phone: 702-850-2790 Corporate: 702-369-0905 Fax: 702-906-0153 Address: 8345 W Sunset Rd, Suite 380 Las Vegas, NV 89113 info@awmlending.com www.awmlending.com