Maine Mortgage Solutions can walk you through every step of the FHA loan options and help turn your dream into an affordable reality. Call Us Today!
Maine Mortgage Solutions Can Help You With FHA Options
If you are a first time home buyer or a borrower with a higher debt-to-income ratio than an FHA Home Loan could get you closer to your dream of home ownership. The FHA loan programs accept borrowers that might not otherwise qualify for a more conventional mortgage. An FHA option can help with having no or little money saved for a down payment, high debt, lower income, and even imperfect credit scores. FHA loans have much less strict financing requirements than most other conventional mortgage companies. FHA loans can provide better interest rates for imperfect credit borrowers. FHA loans only require a down payment of 3.5% of the final loan cost. FHA will work with families looking to purchase their first time with moderate and even low incomes and limited access to resources.