To find out if you qualify for an FHA home loan, please call 1-800-999-2489 x7972 to speak with a specialist in FHA mortgages. Even if you don't qualify for an FHA home loan, alternatives exist which can help you achive your financial goals with many of the same benefits as FHA loan programs.

There is no credit score requirement for an FHA Loan. Typically, the past 12 months are scrutinized. You need not have "traditional" credit established. You may qualify using alternative credit such as a cable bill, elelctric bill, cell phone, and rental history.

FHA will consider purchase money financing for someone who uses a Non-Occupant Co-Borrower. In other words, you can have someone co-sign an FHA Loan to improve your chances of qualifying based on debt-to-income ratios. No income is necessary for the primary borrower if the Non=Occupant Co-Borrower qualifies on their own.

FHA financing will consider fiinancing loans on singlewide and doublewide mobile homes set on a permanent foundation. There is no rate or fee adjustment for this type of financing either. The mobile home must have been built after June 15, 1976.

Gift funds can be used for your entire 3% down payment for an FHA loan.

FHA loans allow purchases of 1-4 unit properties with just 3% down and a seller comcession of up to 6%. There is no rate adjustment for a 4 Unit purchase with just 3% down.

FHA will often times over look certain bad credit accounts if there is a good reason for the delinquencies. This may require the borrower to write a letter of explanation or "LOX" as it is referred to in the mortgage industry.

For refinancing, FHA will consider financing up to 95% of the value of one's home for cash-out. There is no rate adjustment for financing up to 95% of their value of your home for cash-out. FHA's Mortgage Insurance Premium of 1.5% and monthly MI of .5 does not increase for any type of property or LTV.

Their is no monthly MI premium for 15 Year FHA loans.

FHA will consider financing for those who have a Chapter 7 Bankruptcy discharged for only 2 years for 97% Financing. FHA will also even consider financing for those CURRENTLY in a Chapter 13, provided they have permission from their trustee, at least 12 months timely Ch. 13 payments, and at least 12 months timely mortgage/housing payments.

FHA loan is one that is insured by the Federal Housing Administration (FHA). FHA loans allow lower income borrowers to obtain a mortgage. A loan would be much more expensive for these borrowers if FHA loans did not exist.

FHA Financing can be an alternative to conventinal home financing. Ask Your Mortgage consultant about more information on FHA home financing

FHA loans provide low fixed rates for borrowers who have had credit problems. In addition, if you later experience problems making your payment, HUD has counselors who can help you work through the problems and keep your home.

FHA is basically an insurance company for the Department of HUD (Housing Urban Development). They guarantee repayment of the monies if you as a borrower default on your loan. This makes the lender much more likely to lend the money. Often people will get approved for FHA loans when otherwise they would have been declined.