FHA

The Federal Housing Administration

  • Insured by the U.S. government, FHA loan makes homeownership accessible.

  • Competitive interest rates

  • Lower mortgage insurance premiums make homeownership more affordable

  • Flexible credit guidelines allow down-payments as low as 3.5% with credit scores as low as 580 and as low as 500 with a 10% down-payment.

  • Streamline refinance process

  • Down-payment assistance programs available

Other benefits of using

an FHA loan:

  • Gift funds can be used for the entire down-payment. Allowable sources include an employer or union, family, close friend with documented interest in the borrower

  • Seller contributions (seller concession) can be up to 6% of the sales price

  • Upfront mortgage insurance premium is allowed to be financed into the loan

  • Choose from a fixed or adjustable interest rate


Why do homebuyers use The Todd Hanley Mortgage

Team for their FHA loan?

  • Because they wanted EXPERT knowledge they can trust & an LO who understands the purchase market and knows how to GET YOUR OFFER ACCEPTED. United Direct Lending also has lightening quick closing times, great communication and, REALLY GREAT RATES!

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WARNING: Working with a mortgage broker allows you access to the best mortgage terms. Proceed with caution.