- 3.5% Minimum Down Payment
- 600 Minimum Credit Score
- Can be combined with 3.00% CHDAP Down Payment Assistance, plus up to 6.00% Seller (or) Lender Credit for Closing and Prepaid Expenses
FHA Purchase (or) Refinance Loan Programs
An FHA mortgage has many advantages. Typically only a 3.50% down payment is required, but when combined with the CHDAP down payment assistance program, first time homebuyers can purchase their first home with as little as a .50% down payment.
Lender and Seller Credits are also allowed up to 6.00% of the home’s purchase price to cover prepaid expenses and closing fees.
This program can be used to purchase a new home or refinance an existing loan. If you are a current FHA loan holder you can take advantage of our FHA Streamline refinance program which may not require an appraisal, income documentation, or assets (unless funds are needed to close)!
Access our Quick Quote to the right and get started today!
Let us put our 25 years of experience to work for you!
Joseph M. Moore
NMLS ID# 333648