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Federal Housing Administration Loan Programs for First Time Homebuyers

The FHA or Federal House Administration was established by the department of U.S. Housing and Urban Development to provide mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. FHA insures mortgages on single family and multifamily homes, to including manufactured homes, to make it easier for the first time homebuyer and homebuyers who face other unique situations or hardships purchase a home. Here are some of the features of FHA backed mortgages:

• Up to 96.5% financing for purchases

• Up to $417,000 maximum loan amount (varies by county/MSA)

• Fixed or adjustable rate mortgages

• Primary residences, 1-4 unit properties

• Down payment may come from gift funds

• No income limit restrictions

• Up to 6% seller contributions allowed

Not all buyers qualify for FHA-backed mortgages.  If you would like more information about the FHA loan programs or to apply for a mortgage, complete the form below and I will contact you shortly with details and options.

Contact Me Below and I Will Get Back to You Promptly.

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First Time Homebuyer