FHA Home Loans
An FHA home loan may be just what you need if your income is low to moderate, your credit score is ok but not excellent, and you have a small down payment.
Terms that Fit your Needs
As an FHA-approved lender, we can approve you for an FHA loan, and make special considerations for borrowers with less than ideal financial situations. FHA loans are insured by the Federal Housing Administration, which has fewer restrictions and limitations than conventional loans to help qualified individuals. The FHA loan is specifically designed for the borrower looking for an “out of box” loan. The Willson Team Mortgage Advisors will walk you through these loan options and minimum requirements to create terms that will fit your needs.
About This Loan
- Credit scores to 500
- No money down
- Down payment can be 100% gift funds from a family member
- Owner-occupied only
- Cash reserves generally not required
- Extra Credit Teacher Program
- Up to 6% seller credit towards closing costs
- High balance loan limits available is designated areas
Don't Wait to Get Started
If you want to learn more about whether or not an FHA loan is right for you, contact us today. We’ll help you discover the pros and cons specific to your financial circumstances so you can make your homeownership dreams a reality.