FHA Loans
- FHA Loan:
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The largest group of new and first time home buyers use FHA as the loan of choice. Why? Because the down payment is lower, credit scores are lower and the money for down payment can be gifted to the borrowers from family members and other close relatives.
FHA mortgage loans are issued by federally qualified lenders and insured by the U.S. Federal Housing Authority, a division of the U.S. Department of Housing and Urban Development.FHA loans are an attractive option, especially for first-time homeowners:
- Generally easier to qualify for than conventional loans.
- Lower down payment requirements.
- Cannot exceed statutory loan limits.
- Credit Scores as low as 580 possible
- Can use family members to qualify for the loan
- Gift funds from family, employer and close relationships possible for down payment
- FHA Kiddie condo loans
- Can include energy, remodeling and many other upgrades or updates. Check out the link to learn more about FHA 203K & 203Ks loans by clicking here.
To find out if you qualify for a FHA loan contact us.
Gateway Mortgage Group Offers Mortgage Services for All Of Texas, Specializing In The Following Areas
Collin County, Dallas County, Delta County, Denton County, Ellis County, Hunt County, Johnson County, Kaufman County, Parker County, Rockwall County, Tarrant County, Wise County
Dallas, Fort Worth, DFW, DFW Metroplex, Ft.Worth, FTW, Arlington, Garland, Irving, Plano, Carrollton, Denton, Frisco, Grand Prairie, McKinney, Mesquite, Richardson, Addison, Allen, Azle, Balch Springs, Bedford, Benbrook, Burleson, Cedar Hill, Cleburne, Colleyville, Coppell, Corinth, Crowley, DeSoto, Duncanville, Ennis, Euless, Farmers Branch, Flower Mound, Forest Hill, Forney, Glenn Heights, Grapevine, Greenville, Haltom City, Highland Village, Hurst, Keller, Lancaster, Lewisville, Little Elm, Mansfield, Midlothian, Mineral Wells, Murphy, North Richland Hills, Red Oak, Rockwall, Rowlett, Royse City, Sachse, Saginaw, Seagoville, Southlake, Terrell, The Colony, University Park, Watauga, Waxahachie, Weatherford, White Settlement, Wylie.
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