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FHA Home Mortgage Loans
FHA Home Mortgage loans provide bad credit consumers with low fixed rates for cash out refinancing and new home financing for 1st time homebuyers. Our FHA mortgage lenders offer many government home mortgage programs including FHA and VA. The FHA home mortgage is a very popular program for first time homebuyers, because you only need 3% down.
Borrowers applying for FHA home loans may be eligible to finance up to 97%. FHA will allow borrower is able to finance the upfront mortgage insurance premium into the mortgage. The borrower will also be responsible for paying an annual premium.
Eligible properties are 1-4 unit homes. For more FHA guidelines please go to hud.gov.
According to HUD, FHA fixed rate home mortgages cost less than other sub-prime loans from traditional lenders. FHA loans have competitive interest rates because the Federal government insures the loan.
FHA plans to release the 100% mortgage which will allow you to put zero down on a home loan. In addition to home purchase financing, Nationwide offers home equity, second mortgage and refinance loans with both fixed and adjustable interest rate options. |
FHA Home Loans can assist with the first steps of buying a home. Let our FHA Mortgage Lenders help with New Home Financing! |
FHA Home Mortgage Limits List (Sample) |
SAN DIEGO-CARLSBAD-SAN MARCOS,
CA (MSA) |
1 Unit |
2 Units |
3 Units |
4 Units |
| $697,500 |
$892,950 |
$1,079,350 |
$1,341,350 |
| JACKSONVILLE, FL (MSA) |
1 Unit |
2 Units |
3 Units |
4 Units |
| $387,500 |
$496,050 |
$599,600 |
$745,200 |
| WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METRO |
1 Unit |
2 Units |
3 Units |
4 Units |
| $729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
Payment Example:
$300,000 30 Year Fixed First Mortgage at 6.25%
360 Monthly Payments at $ 1,847.15
Benefits:
Low rate for 15 or 30 years
Little or No Money Down
Concerns:
Interest rate is quite a bit higher than traditional 1st rates
- Cash Out Refinance
- Low Rate Second Mortgage
- Debt Consolidation of High Rate Credit Cards
- Low Rate Home Equity Loans
Don't wait any longer, Call 1-800-242-6986 to speak with a seasoned loan professional live. We offer a helpful consultation that includes a free loan quotes with no obligation. |
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