What Types Of Loans Are Available Through FHA

Dated: 06/23/2014

Views: 2877

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.
  • Low down payments
  • Low closing costs
  • Easy credit qualifying
What does FHA have for you?

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. Available on 1-4 unit properties.

Want a fixer-upper? 
FHA has a loan that allows you to buy a home, fix it up, and include all the costs in one loan. Or, if you own a home that you want to re-model or repair, you can refinance what you owe and add the cost of repairs - all in one loan.
Financial help for seniors 
Are you 62 or older? Do you live in your home? Do you own it outright or have a low loan balance? If you can answer "yes" to all of these questions, then the FHA Reverse Mortgage might be right for you. It lets you convert a portion of your equity into cash.
Want to make your home more energy efficient? 
You can include the costs of energy improvements into an FHA Energy-Efficient Mortgage.
How about manufactured housing and mobile homes? 
Yes, FHA has financing for mobile homes and factory-built housing. They have two loan products - one for those who own the land that the home is on and another for mobile homes that are - or will be - located in mobile home parks.

For more information Call or Text me at 732-887-4689.
Search for homes at rpileggi.vandykrealestate.com.  For personalized service Text or Call me at 732-887-4689.
Info courtesy of www.hud.gov
Blog author image

Robert Pileggi

I grew up in Union County and moved to Long Beach Island in 2003. I loved living here so much that I got my real estate license in 2004 and have since helped many other people enjoy living and vacati....

Latest Blog Posts

Household Tips

Have you ever struggled with getting those price stickers off? Try using a bit of petroleum jelly, it takes it right off!Ok, 1 more- try using diluted apple cider vinegar to wash your produce

Read More

The New Beach Will Be Ready For You

Check it out! The beach is being totally redone and will be waiting for you this summer!#lbibeachreplenishment #lbiregion #lbifindyourspot #beachtime

Read More

Happy Chinese New Year

Many people use this holiday to cleanse their homes of the Huiqi, "the breath of those who lingered in the area."It's the perfect time to clean out, clear out and maybe think about your next spot on

Read More

How Buyers Search For Homes

To see a list of all my latest books for Buyers and Sellers click on the link:   http://blog.jamesmazzerinaauthor.com/article/how-buyers-search-for-homes/How Buyers Search for

Read More