You don’t have a lot of cash for a down payment? You’re not a veteran of the Armed Services? You don’t qualify for an RD loan? Well then, an FHA mortgage loan program might be a great option for you! The FHA, or Federal Housing Administration, is an agency within the U.S. Department of Housing and Urban Development. The FHA loan program in NH has been helping people obtain the dream of home ownership since 1934. This is one of the most flexible loan programs and the standard to which all other low down payment and first-time buyer programs are compared.
Read about the current FHA Loan Limits in New Hampshire.
Here are some of the key features:
There are a few beliefs about FHA loans that are not true.
Myth: FHA is very particular about the condition of the home.
Truth: FHA property standards are not significantly different from those of most other government loan programs, other than a little more focus on structural and safety-related issues.
Myth: FHA requires at least one borrower to be a first-time home buyer.
Truth: You do not have to be a first-time home buyer. In fact, you can currently own a home and use an FHA loan to finance another home, as long as you meet all the normal underwriting requirements.
Contact Charley at (603) 471-9300 or send an email to see if you qualify for an FHA loan and if it is the right fit for you!!
Your information will be kept completely private.
Charley Farley, NMLS ID: 93936. Corey Bowman, NMLS ID: 1071527. Branch NMLS ID: 184742. This is not an offer to lend or extend credit. Subject to underwriting approval. Terms and conditions may apply and are subject to change at any time. Dave Heeter and Keller Williams Metropolitan are not mortgage lenders. Please contact HarborOne Mortgage to learn more about your eligibility for its mortgage products.