Current F.H.A. loan program

March 30, 2007

The past several years, with the advent of 100% financing, most borrowers did not use F.H.A. insured loans. However, we are beginning to see our loan agents suggest that F.H.A. financing
might have some advantages for the borrower.

F.H.A. financing allows

as low as a 3% down payment
down payment may be 100% "gifted" from a relative
no cash reserves required
seller can pay up to 6% of the sales price toward closing costs
no prepayment penalty
no minimum FICO score
no mandatory seller paid lender fees.

Call Financial 2000 for details and be prequalified.