FHA Approved!

San Mateo de Santa Fe has FHA Approval. What does that mean for you?

FHA was created by the Federal Government to provide affordable lending options to qualified borrowers.

Advantages:

• FHA insures the loan. Because this limits a lender’s risk, lenders are more willing to loan on an FHA approved property.
• Smaller downpayments: Only 3.5% down is required
• Downpayment may be a gift from another party
• FHA loan guidelines are more relaxed, allowing alternative credit sources, higher debt to income ratios and other accommodations.
• FHA interest rates are extremely competitiveCertain terms and conditions apply. Check with your lender to determine if you are an appropriate candidate for an FHA loan.