FHA Home Loans
Low Down Payments + Easier Qualification = Your Next Home!
FHA is just about the easiest loan to qualify for when buying or refinancing a home. It's insured by the Federal government and offers relaxed underwriting guidelines allowing more people to qualify.
FHA for Home Buyers
- Credit scores as low as 620
- 3.5% down buys you a home – can include gifts
- Seller can pay most of your closing costs – up to 6% of the purchase price
- Fixed rate loan terms of 15 and 30 years
- Adjustable Rate terms of 3 and 5 years
If you already have a FHA loan you may qualify for a Streamline Refinance saving you time and money!
FHA for Refinancing
- Refinance your existing FHA mortgage up to 125% of your homes current value
- Refinance up to 97.75% for non-FHA existing loans
- Take up to 85% cash out of your home for any reason
FHA Streamline Refinancing skips the appraisal and income verification process!
Whether you're buying a home or refinancing your existing one, FHA has some terrific loan features.
Advantage Lending Corp is a HUD approved lender and our home loan experts are licensed by both the State of Michigan and the Federal Government. Let our experts show you how a FHA home loan can benefit you. Contact us today at 248-608-9120.
Call (248) 608-9120 or Chat Online to get your Mortgage rate today!
