FHA mortgage loans are government insured home loan options for refinance or purchase mortgages. Compare FHA mortgage rates, with conforming and subprime loan terms and closing costs. First time homebuyers should consider FHA for financing because the mortgage rates are low and there is only 3.5% required for a down-payment. The $8,500 first time homebuyer tax credit is still available, but not all states allow you to use the credit for down payment assistance. HUD announced several revisions for the FHA guidelines recently.
97% FHA Mortgage Loan
First Time Homebuyer
95% Cash Mortgage
Bad Credit Allowed
FHA Mortgage Rates are Low!
Finance a New Home with only 3.5% down!
Nationwide Mortgages provides Americans with FHA home mortgage programs that have been successful bridging the gap from renting to owning a home.
With FHA mortgage rates this low, consumers should be jumping at the opportunities to save money with low rate FHA refinancing. FHA mortgage loans enable consumers to lock in a very low rate with only depositing 3% down for a new home purchase. FHA borrowers are allowed to finance the 1.5% mortgage insurance premium, so they do not have to come out of pocket. FHA mortgages are generally a little easier to qualify for than conventional loans and may require less of a down payment. FHA Loans are great for first time home buyers with less than 3% down. FHA loan mortgage options are popular so expect the loan process to take 3-4 weeks in most cases. FHA mortgage loans can be used for purchase, refinance and cash back. Get a free consultation to better understand the requirements for FHA mortgages.
FHA Streamline Refinance
These FHA mortgage loans are insured by the FHA. To qualify for refinancing you must already have a FHA mortgage and to be approved for a streamline refinance, your last 12 mortgage payments must have been on time. Nationwide provides a no cost consultation with FHA home mortgage quotes in all 50 states.
Getting a purchase loan can be a stressful time for many people, so make sure you compare home loan quotes with experienced lenders like Nationwide. The FHA, which insures about 10% of the nation's mortgages, makes hundreds of thousands of reduced or zero money down loans to borrowers nationally, sometimes allowing sellers to put money up for the buyer through a third party. For example, In Tennessee, Home sellers even paid down payments for 23% of the 14,243 FHA loans last year.
In most cases, FHA mortgage loans, offer as competitive an interest rate as conforming mortgages. If you are sick of being turned down because you have bad credit scores, give Nationwide a try, because we offer FHA loans to people with good and bad credit scores.
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