FHA Loans - Buying a Home using a FHA Loan

The FHA loan program was created to help increase homeownership. The FHA program makes buying a home easier and less expensive than other types of real estate mortgage home loan programs.

• Minimal Down Payment and Closing Costs.

• Downpayment less than 3% of Sales Price
• 100% Financing options available
• Gift for downpayment and closing costs allowed.
• No reserves or required.
• FHA regulated closing costs.
• Seller can credit up to 6% of sales price towards buyers costs.

• Easier Credit Qualifying Guidelines such as:

• No minimum FICO score or credit score requirements.
• FHA will allow a home purchase two years after a Bankruptcy.
• FHA will allow a home purchase three years after a Foreclosure. 

• Easier Debt Ratio & Job Requirement Guidelines such as:

• Higher Debt Ratio's than other home loan programs.
• Less than two years on the job is allowed.
• Self-Employed individuals o.k.

• Single Family Home - Basic FHA loan program for single family homes.
• Units> Duplex Triplex Fourplex - Basic FHA loan program for multi family homes.
• Fixed Rate Loan - Basic FHA fixed rate mortgage loan program.
• Adjustable Loan (ARM) - Basic FHA adjustable rate mortgage loan program.
• Buydown FHA Loans   - Low Start Rate FHA buy-down loan program.
• HUD Homes - Financing for HUD homes with as little as $100 down.
• Officer Next Door - Special 50% discounted homes for officers.
• Nehemiah - 100% financing option provided by Non-profit organization.
• HART - 100% financing option provided by Non-profit organization.
• CHFA Loans(CHAFA) - 100% financing option for first time buyers in California.
• Access 2000 - 102% financing option for first time buyers.
• 203K - Home improvement & major remodel loan program.

You may find more information regarding the home buying process, shopping for a home, and additional information regarding buying a home at www.buying-a-home-info.com or if you may search real estate listings of homes for sale.