FHA Colorado Home Mortgage Loans

If 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 home buyers.

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 you are:

* buying a home
* 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 not offer:

  • Minimal Down Payment and Closing Costs here in Colorado

    • Down payment less than 3% of Sales Price
    • 100% Financing options available*
    • Gift for down payment and closing costs allowed.
    • No reserves or required.
    • FHA regulated closing costs.
    • Seller can credit up to 6% of sales price towards buyers costs.

    Easier Credit Qualifying Guidelines such as:

    • No minimum FACE score or credit score requirement.
    • FHA will allow a home purchase two years after a Bankruptcy.
    • FHA will allow a home purchase three years after a Foreclosure.

    Easier Debt Ratio & Job Requirement Guidelines such as:

    • Higher Debt Ratio's than other home loan programs.
    • Less than two years on the job is allowed.
    • Self-employed individuals O.K.

As professionals 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

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