FHA Home Loans
"Home Loans Done Right"
Real Estate Broker, CA Department of Real Estate. License 01440772, NMLS License 237847
Look no further as Metrocity Lending is approved for FHA financing. An FHA loan allows you to purchase a new home with only 3.5% down or refinance your current one through FHA Streamline with ease. Here are some of the guidelines for an FHA mortgage loan.
Requirements:
- Minimum FICO score of 640
- Eligible up to 96.5% financing (3.5% down required)
- Must pay (UFMIP) upfront mortgage insurance
premium of 1% (can be financed in loan amount)
- Must pay monthly (MIP) mortgage insurance premium
(1.10% - 1.15% of loan amount)
- Primary residence is required (one - four unit structures)
- Must have impound account for taxes and insurance
- Refinance maximum LTV 97.75% (maximum LTV 85% for cash out)
Apply for an FHA loan by clicking here. Quick App.
Call: 866-966-9045 Today!
