FHA Loan

Find Your Home

Do you know how the mortgage loan process works? I want you to be educated on the process so you fully understand step by step how we are going to get you in the home of your dreams. I have a unique tool built specifically to help you understand the mortgage loan process from start to finish!

What is aN FHA Loan?

Provided by the US Federal Housing Administration, an FHA loan allows borrowers to receive affordable and accessible financial assistance when purchasing a home. For borrowers with a credit score of 580 or higher, the FHA allows a down payment of just 3.5% of the total cost of the home. For those with a credit score between 500-579, a 10% down payment is required to be approved for a loan.

How Can I Benefit From Applying For An FHA Loan?

An FHA loan is one of the most attainable home loans on the market. Geared towards helping first-time home buyers, these loans offer affordable down payments and less-strict credit score requirements for those who qualify. Whether you’re in the market for a new home or seeking financial assistance to help renovate your current one, FHA loans can offer funding for your residential goals.

TIPS FOR TAKING OUT An FHA LOAN:

Before applying for an FHA loan, it’s important to know what to expect throughout the process. Once approved for an FHA loan, it is required to have an appraisal and credit report performed. A closing cost may also be required, depending on whether the home seller chooses to cover the closing costs or not.

what's next?

Once you get your new loan after purchasing or refinancing your home, you may think that everything is up to you to figure. Typically it is, but with the Zack Seidman team, you will be supported and educated on how to manage your mortgage. “The Homeowner Playbook” is a home ownership program available to our clients that will guide you after you already have your home. We offer this as part of our “Next-Level” service so you have consistent expert guidance, always have a perfect mortgage experience and proactively maintain your home, which increases your home value over time! Contact the Zack Seidman team today to learn more about mastering “The Homeowner Playbook”.

All loans are subject to underwriting or investor approval. Other restrictions may apply. This is not an offer of credit or a commitment to lend. Guidelines and products subject to change.

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Start your journey toward the right home loan for you by filling out our simple online application.

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