The Benefits of an FHA Loan. FHA loans offer lower down payments and less restrictive credit score requirements when compared to many conventional loan programs. Plus, we offer FHA 203K loans allow borrowers to finance the cost of eligible home improvements into the loan amounts.
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FHA Loans Houston provides home loans, mortgage loans and home refinance with low down payment, low interests and easy EMIs.
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This makes FHA loans Houston are a solid option for lower income home buyers who meet the minimum FHA loan requirements, making it a viable alternative to roughly 20% of new and existing home sales. There are 3 main types of FHA loans in Houston this year. 203b loan. The FHA 203b loan is the most common fha loan program for home buyers.
Houston, TX, September 20, 2019 –(PR.com)– The Banks Law Firm. which include low-income housing tax credits and new markets tax credits, FHA financing, Fannie Mae and Freddie Mac platforms and.
An FHA loan is a mortgage that is insured by the Federal Housing Administration and is issued by a lender that is an approved FHA-lender. An FHA loan in Houston is a great option for those who are first time home buyers and those who are low to moderate income borrowers. An FHA loan borrower can borrow up to 96.5% of the value of the home, meaning that only 3.5% of the value is required as a down payment (which is much lower in comparison to other lender’s requirements).
Remodel Magic With FHA 203K. Buyers in Houston, TX are using an FHA 203K Renovation loan to purchase and renovate a home that was in desperate need of a remodel. These experienced homeowners had lived in the same home for over 12 years and had a clear vision of what they wanted.
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