Almost everyone is eligible for FHA Loans. Because of the unique benefits of the FHA Loan program, it is particularly attractive for first-time home buyers. Many times, people who can not meet the requirements for conventional loans will be able to qualify for FHA financing.

The requirements for the FHA Loan program allow for lower credit scores. So if you do not have great credit, a FHA Loan may be the right choice for you. We specialize in FHA loans, so we can help you understand how the FHA guidelines apply to you.

If you are looking to purchase a home but aren't sure about guidelines or requirements, we can help. By answering a few questions, you can connect with one of our FHA Specialists. Every representative from our company is fully trained to handle FHA home loans and we are on the cusp of new developments in the FHA loan industry.

You can start the no obligation process and connect with a specialist online. This is the best way to determine if you meet the requirements, your eligibility and qualification level.

 

First time home buyer:

As a first time home buyer you likely have a lot of questions about the FHA home loan process. We have all of the information and resources you need to answer your questions and help you determine the loan option that works best for you.

Connect with an experienced FHA Specialist directly by completing our short online form or call 248-619-9312 We look forward to working with you!

Yes, You May Qualify for an FHA Loan!

FHA News Alert: With the signing of the Housing and Economic Recovery Act of 2008, FHA loans are changing! On December 31, 2008, the minimum 3% down payment to buy a home will rise to 3.5%. This means you should talk to us now to take advantage before January. After that, it may be too late! Call us now at (313) 350-4620

 

. Refinancing with an FHA loan

• You can refinance up to 97% of your home value. FHA even offers up to 95% cash-out, the highest amount of any our home loans! This amount is changing soon. Take advantage of this high cash-out amount before it goes down when FHA guidelines change.
• Our mortgage application and processing uses exclusive technology that cuts the headaches out of getting an FHA loan.

 

Buying a home with an FHA loan

• Your down payment can be as low as 3% of the price of the home (only until December 31, 2008 - after that, you'll need a 3.5% minimum down payment).
• FHA also allows seller concessions up to 6% of your home purchase price.
• First-time home buyers can get a tax credit up to $8000! “First-time home buyers” includes anyone who hasn't owned a home in the past three years.
• Need a lower payment? Ask a mortgage banker about FHA Rate Break - a 1-year 1% reduction in your interest rate! Instead of taking an ARM, choose FHA Rate Break and enjoy a low payment AND a fixed rate.

 

Through December 31, 2008 Congress has also raised the loan limit on FHA loans across the country! For example, in San Francisco, the FHA loan limit went from $362,790 to $729,750. Higher loan limits mean lower rates for more people! Get in touch with us today: fill out the short online form or call (313) 350-4620 to find out the current FHA loan limit in your county. Don't wait until it's too late!

*Consult your tax advisor.