Hud Loans For First Time Buyers

Houston First Time Home Buyer First Time Homebuyer Mortgage Houston – Houston 1st-time mortgage experts are available to answer questions and assist you step-by-step through the mortgage process. Use the contact form to the right or call (800) 704-5432 or (281) 305-9375.

They should also address the FHA’s underwriting of cash-out refinances, conventional-to-FHA refinances and loans to FHA.

 · HUD loans, otherwise known as FHA loans, offer first-time buyers the ability to purchase with low down payment and may even cover renovation costs.

An FHA Loan is now the most popular loan for First Time Home Buyers in America Purchasing a home is one of life’s major landmarks and for some, it is even a dream come true. We understand the magnitude of this decision and it is our goal to make your transition into home ownership unforgettable.

FHA loans, which require a 3.5 percent down payment and have generally looser credit requirements than conventional loans, are popular with first-time home buyers. Condos, too, are popular with.

FHA loans are perfect for first-time buyers because they have less strict requirements making them easier to qualify for. An FHA mortgage has a maximum loan-to-value ratio of 96.5%, meaning you just need a 3.5% down payment.