What is a FHA Loan?
FHA loans are government insured loans backed by the Department of Housing & Urban Development (HUD). This type of loan is very popular among first time homebuyers due to the low minimum down payment of 3.5% of the purchase price, and more flexible credit & underwriting standards.
FHA Loan Requirements:
- Minimum down payment of 3.5 percent. The money can be gifted by a family member or employer.
- Co-applicants may help you qualify, even if they will not be living in the home.
- This loan is only available for primary residency.
- The loan cannot exceed the maximum limit set by FHA on a county-by-county basis.
Learn more about FHA loan requirements and rates by talking with a Loan Officer today!
Schedule a consultation today!
Your request has been sent!
A mortgage specialist will be in touch with you soon.
Our Clients Are Our Biggest Fans!
The team at Tabor Mortgage is a stand up group of people. They're knowledgeable, disciplined, driven, professional, and courteous. They really do have your best interest at heart and take pride in making the experience as seamless and straightforward as possible; all in a timely manner. You won't find a better mortgage company to work with.
Tabor Mortgage is the preferred lender for my brokerage. I also used them for my personal home loan. No one is more proactive, communicative and efficient than they are. I would recommend them to anyone who is looking for a smooth financing process.
When I think of Tabor Mortgage I think of safe, reliable customer service. This company has a great reputation of placing the needs of others first. I highly recommend any new realtors or home buyers out there that need quick & efficient results to check out this company first before wasting your time anywhere else.