Colorado Home Mortgage Loans
your looking for a FHA home loan in Colorado, then look NO FURTHER,
Call 855-529-5222 and speak to our FHA specialist.
The advantages of the
FHA Colorado Home Loan has made it one of the
best options for most first time home buyers as well as move-up
You do not have to
be a first time buyer to obtain a Colorado FHA loan, anyone may
use a FHA loan as long as you do not have more than one FHA insured
loan at any one time.
Many people dream
of owning their own homes, but few are able to pay cash for them.
Many individuals and families who could not otherwise afford to
own a home become homeowners with the help of the Federal Housing
Administration mortgage insurance programs. This could be your
key to home ownership. The FHA program offers many benefits not
found in conventional programs.
you may qualify If
* buying a
* refinancing a mortgage for a home you already own
* making home improvements
The Federal Housing
Administration was established to encourage home ownership throughout
the country with the belief that home ownership increases the
stability of a community. Prior to the creation of the FHA, large
down payments were required to secure a mortgage loan. At present,
a minimum of 3% investment is required by the borrower for the
purchase of a home. As an incentive to investors who purchase
loans, FHA insures the loan against default, should the borrower
fail to repay. FHA guidelines also allow for greater flexibility
with regards to credit history and qualifying ratios.
FHA is a part of the
U.S. Department of Housing and Urban Development (HUD). One of
the chief purposes of FHA is to help people obtain financing to
buy their homes. Buying a home is the biggest single purchase
that most people will make in their lifetimes. Most people borrow
money through a mortgage loan to buy a home. Some people reduce
the amount of money they borrow by making a large down payment
on the loan to buy a home. People who do not have the money for
a large down payment can use this program to get their loan.
FHA Colorado Home Loans
program opens up opportunities that conventional mortgages do
Down Payment and Closing Costs here in Colorado
payment less than 3% of Sales Price
Financing options available*
for down payment and closing costs allowed.
reserves or required.
regulated closing costs.
can credit up to 6% of sales price towards buyers costs.
Easier Credit Qualifying Guidelines such as:
minimum FACE score or credit score requirement.
will allow a home purchase two years after a Bankruptcy.
will allow a home purchase three years after a Foreclosure.
Easier Debt Ratio & Job Requirement Guidelines such
Debt Ratio's than other home loan programs.
than two years on the job is allowed.
in the mortgage lending industry, we've built our reputation
on providing outstanding service to our clients. That means
you can count on us to always look out for your best interests,
and to keep you informed throughout every step of the lending
process. Please don't hesitate to call if you have questions
about the information you find here on our web site.
If you would like
more information, please give us a call 855-529-5222