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FHA loans, backed by the Federal Housing Administration (FHA), are the perfect solution for buyers with fair credit or limited down payment funds. With lower interest rates and a minimum down payment requirement of just 3.5%, FHA loans offer an accessible option for purchasing your dream home.
Belpash, a trusted private lender, offers FHA loans with competitive terms tailored to your needs. Here's why you should choose Belpash for your FHA loan:
Guaranteed On-Time Closing: We understand the importance of timing when buying a home. With Belpash, you can rest assured knowing that we'll close your loan on time, guaranteed.
Flexible Credit Requirements: Don't let a lower credit score hold you back. Belpash allows a lower minimum FICO® score for FHA loans, making homeownership more attainable for you.
Low Down Payment: Say goodbye to hefty down payments. With an FHA loan from Belpash, you can purchase your home with as little as 3.5% down, making it an ideal choice for first-time buyers or those with limited savings.
Tailored Loan Terms: We offer a variety of FHA mortgage options, so you can choose the terms that best fit your financial situation and goals.
Before applying for an FHA loan, familiarize yourself with the requirements:
Primary Residence: The property financed with an FHA loan must be your primary residence, not an investment property or vacation home.
3.5% Down Payment: Enjoy the benefits of homeownership with a minimum down payment requirement of just 3.5%.
Mortgage Insurance Premium (MIP): Protecting lenders, MIP is a mandatory insurance policy for FHA loans.
Verifiable Income: Ensure you have documented proof of verifiable income, such as pay stubs, bank statements, or tax returns.
Minimum FICO Score: Belpash requires a minimum FICO score of 600 for FHA loans, providing more flexibility compared to traditional lenders.
Ready to embark on your homeownership journey? Explore the benefits of FHA loans with Belpash and take the first step towards owning your dream home!
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