Making Homeownership Achievable.
What is an FHA Loan?
FHA loans are mortgages insured by the Federal Housing Administration, a federal agency within the Department of Housing and Urban Development. Because FHA loans are government-assisted and insured, they are more accessible for borrowers (compared to conventional loans).
Why Choose an FHA Loan?
An FHA loan is a great option if you want to put less money down, don’t have enough savings built up for a conventional loan requirement of 20% down, or have a lower credit score. It’s important to note that while FHA loans require borrowers to pay for mortgage insurance (since they’re government-backed), they serve to provide homeownership opportunities for many home buyers who don't qualify for conventional financing!
FHA Loans Make Homeownership Achievable:
- Low down payment requirement (as low as 3.5%)
- Flexibility on debt-to-income ratio
- Qualify with less-than-perfect credit
- Down payment funds from family/friends allowed
- Purchase or refinance loan options available
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Fixed Rate Loans
Lock in a low rate and payment that stays the same, no matter how much else may change over time.
VA Loans are guaranteed by the U.S. Department of Veterans Affairs, which means we’re able to offer more favorable loan terms to military home buyers.
Newrez believes the lending business shouldn't just be about home loans - it should be about homeowners. That's why our employees get to know our customer's real needs, through final closing, and beyond.
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