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FHA Loans and for some people Better Than FHA Loans

Mortgage Home loan companies offers many loan programs that allow you to purchase a home with little or no down payment. You can chose from our 3% down conventional, FHA in many areas, zero down 100% financing and 103% financing where you can use the extra 3% or 5% toward paying closing costs. [What is the difference between conventional and government mortgages?]

Some of these loans are much more flexible than FHA. Some of the benefits are:

  1. NO Income Limits
  2. NO Home Value Limits, loans up to $300,000
  3. NO MIP paid at closing
  4. NO Special appraisals

You may chose between fixed rates or a variety of ARMs loans. You may purchase single family homes that are approved condos, PUDs or manufactured homes. Money for the 3% down payment program can come from alternative sources such as:

Closing costs money may come from seller contribution up to 3%, gift, grant or lender premium pricing.

Loans with the best pricing and lowest points require A+credit; however, we have 100% financing loans where your credit score can be as less than perfect.

There is no reason to endure the FHA red tape with so many preferred options.

 

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