Mon - Fri 9:00 - 5:00
hello@escomortgageadvisors.com
949-631-2708
Mon - Fri 9:00 - 5:00
hello@escomortgageadvisors.com
949-631-2708

FHA

FIND OUT MORE ABOUT THIS PROGRAM AND ELIGIBILITY REQUIREMENTS FROM YOUR ESCO MORTGAGE ADVISORS, MORTGAGE ADVISOR

LOW 3.5% DOWN PAYMENT

100% GIFT FUNDS - THE ENTIRE 3.5% DOWN PAYMENT CAN BE A GIFT FROM PARENTS, RELATIVES OR AN EMPLOYER.

FHA ALLOWS SELLER TO GIVE UP TO 6% OF THE HOME'S PURCHASE PRICE TO AN FHA BUYER TO PAY FOR CLOSING COSTS AND PRE-PAID COSTS.

FLEXIBILITY CREDIT QUALIFYING - BECAUSE IT IS GOVERNMENT - BACKED, IT'S POSSIBLE TO QUALIFY FOR AN FHA LOAN WITH A LOWER CREDIT SCORE THAN ON CONVENTIONAL PROGRAMS

UPFRONT MORTGAGE INSURANCE MAY BE FINANCED OR PAID IN CASH.

MAY ALSO BE AN OPTION FOR BOROWERS WITH LIMITED EQUITY LOOKING TO REFINANCE.

ABILITY TO CHOOSE FROM A FIXED-RATE OR ADJUSTABLE RATE

FEDERAL HOUSING ADMINISTRATION LOAN

If you’d love to buy a home but lack credit, a down payment, or are unable to cover closing costs, an FHA loan may be the solution. FHA financing was developed to provide homebuyers with an alternative to conventional financing and include attractive and flexible guidelines.

Talk to your ESCO Mortgage Advisors, mortgage advisor, to clarify what qualifies as a condo and which loan program may best meet your needs.