Offer affordable fixed rate or adjustable financing options with a low don payment of 3.5% of the purchase price. Sellers may pay up to 6% of the purchase price to pay buyers closing cost and prepaid items. And Down payment assistance is allowed through HUD approved agencies. Ask us about which program would be avaiable to meet your needs.

Special FHA 203K for purchase with Renovation Escrow

You may purchase a home and include any improvements such as a new Kitchen, Bath, Roof, AC Unit or even a room addition!! Ask for details.

HUD Foreclosures $100.00 down for HUD foreclosure with up $5,000.00 in escrowed repairs. Ask about adding 203K to the loan for additional dollars for more extensive remodeling.

Refinance to FHA or Streamline existing FHA home loan.

You may refinace any mortgage to an FHA loan up to 97.75% of its current appraised value.

You may streamline an existing FHA up to the 97.75% with an appraisal or up to the original loan amount without an appraisal

FHA 203K refinance and do home improvements the loan amount is up to 97.75% of the subject to appraisal( appraisaed value after improvements. One loan one closing 30 year fixed rate. Ask for additional details

Loan Limit Increases for FHA

This Mortgagee Letter provides information on Federal Housing Administration (FHA) single family loan limits that have changed as a result of the American Recovery and Reinvestment Act of 2009 (ARRA) signed into law on February 17, 2009. These limits are effective for those loans for which credit is approved in calendar year (CY) 2009 and will remain in effect until December 31, 2009.

 The new limit will permit the Government Sponsored Enterprises (GSEs) to purchase mortgages up to $729,750 until December 31, 2008, after which time the previous limit of $417,000 will go back into effect again. The purpose of the increase is to inject some temporary and desperately needed confidence and liquidity into a scared mortgage bond market. This means that Fannie Mae and Freddie Mac, both GSEs which are private corporations chartered by the federal government, will be able to purchase and guarantee loans over the previous $417,000 limit so that lenders will be able to sell these mortgages on the secondary market to help generate some liquidity. Many investment sources for mortgage-backed securities dried up after the chaos erupted in the sub-prime market last summer. Investors had abruptly stopped buying mortgage-backed securities if the loans behind them could not be sold to the GSEs, namely Fannie Mae and Freddie Mac.