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  FHA (Federal Housing Administration) Loans in Lewiston, IdahoAmerican Home Mortgage is an FHA Lender who specializes in loans for first time home buyers. FHA home loans can offer low interest rates in Lewiston and more flexible underwriting guidelines for borrowers who have less than perfect credit. However, there are mortgage amount limitations for each county in Idaho.
These loans requires 3% down payment but it can be a 100% gift or a down payment assistance program such as Nehemiah can provide the funds. Also, the seller can pay up to 6% of the purchase price in closing costs and the monthly PMI is lower than most 3% down conventional loans.
Finally, it is one of the few loan programs left which allows an underwriter to take into account extenuating circumstances such as job loss, long-term illness, and death in the family as legitimate reasons for credit issues and they can manually approve a file on a case-by-case basis. See official Federal Housing Administration website. for more detailed information and check out 100 questions and answers about buying a new home
Call American Brokerage at 800-874-8760 or apply on line with our quick, secure application and get an answer on your FHA Home Loan in Lewiston the same day! |
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