FHA loans have been helping people become homeowners since 1934. the Federal Housing Administration (FHA), which is part of HUD, insures the loan, so your lender can offer you a better deal. Your HomeOwnership Team is an authorized FHA lender. FHA is known for low down payments, low closing costs and easy credit qualification.
Buying your first home?
FHA might be just what you need. Your down payment can be as low as 3.5% of the purchase price, and most of your closing costs and fees can be included in the loan. The down payment can be a gift from a relative or part of a down payment assistance program.
Want to buy a FHA REO home?
$100 down payments are available to owner-occupied home buyers when purchasing a home currently owned by HUD.
Want a fixer-upper?
FHA has a loan that allows you to buy a home, fix it up, and include the costs in one loan. Or, if you own a home that you want to remodel or repair, you can refinance what you owe and add the cost of repairs – all in one loan!
Want to make your home more energy efficient?
You can include the costs of energy improvements into an FHA Energy-Efficient Mortgage.
Looking for Down Payment Assistance?
Each state and county have allotted monies from the government to help with a borrower’s down payment and closing costs. We will help determined which of the programs is appropriate for you.