Why you may benefit from an FHA home loan

At Caliber Home Loans, we believe that it’s important to provide a range of lending solutions that fit all types of buyers. That’s why we offer FHA loans – because they can be a smart choice for buyers with limited funds and marginal-to-average credit. The Federal Housing Administration (FHA) was created in 1934 to make it easier to purchase a residence or facility, even for buyers with limited capital and/or imperfect credit.

FHA loans are partially insured by the government, which reduces a lender’s risk and makes qualifying for the loan simpler. That means you may be able to make that purchase investment much sooner than you hoped. Give us a call and we’ll walk you through everything you need to know to find out if this is the right solution for you.

Key Features and Benefits of FHA Home Loans:

• You may qualify to buy with a low, 3.5% down payment.
• Credit scores from 620 are allowed for fixed-rate loans.
• Both fixed-rate and adjustable-rate mortgages (ARMs) available.
• You may finance a single-family home, 2-4 unit property, modular home, condominium or a Planned Unit Development (PUD) property.
• Temporary buydowns may reduce your initial interest rate for 1-2 years.