First Time Home Buyer FHA
Congratulations! You’re Preparing For Your New Home Loan…
FHA Mortgage Benefits.
3.5% Down. The high LTV F.H.A mortgage allows home buyers to finance 97.5% of the sale price. Furthermore, both gift funds AND up to 6% in seller contributions are allowable towards closing costs. In many instances, Fortress Home Mortgage has closed loans for first time home buyers with MINIMAL out of pocket expenses. This program will cater to lower credit scores (down to 560), and higher debt to income ratios (up to 55%). Borrower’s are frequently stunned to learn how much they can afford. And best of all, the total monthly payment is typically at/or about the same as what renters pay for an apartment. Find out all of the particulars and try our FREE rate engine to tailor your new home mortgage. Search County loan limits here.