Corridor Mortgage Group - FHA Loan Programs

The FHA's mortgage insurance programs have helped millions of families become first time and move up homeowners by lowering some of the borrower's closing costs and down payment requirements. Qualifying guidelines for FHA Loans are typically more flexible than those of conventional loans.

Here are some of the important features of FHA and VA Loans:

Lower down payment/investment requirements - as low as 3% as compared to 5% or more for many conventional loans
Some closing costs can be financed - less out-of-pocket expense at the settlement table
Many fees are limited - again, less out-of-pocket expense
Higher debt-to-income ratios are allowed
Flexible credit underwriting guidelines

Here are the FHA programs we offer:

30-Year Fixed and 15-Year Fixed
2/1 buy down
5/1, 3/1 & 1/1 ARM
203k FHA Rehabilitation Loans
Ameridream
Nehemiah Program
95% Cash-Out Refinance to
Non-qualifying Streamline Refinance

To find out more about FHA loans, or to see if a FHA loan is right for you, contact us at Corridor Mortgage Group. For a list of FHA loan limits in the Mid-Atlantic region, please click here.

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