LOAN TYPES

FHA Loans

Key Features

  • FHA loans carry competitive interest rates and terms, and also allow qualified borrowers to purchase a home with little to no money out of pocket at closing

  • Through less stringent underwriting guidelines, the FHA Home Loan Program allows homeownership opportunities to those who couldn’t otherwise qualify for conventional financing

  • Lower monthly mortgage payments are achieved by combining competitive interest rates and fixed mortgage insurance rate that is not dependent upon credit score unlike conventional loans

  • The FHA Home Loan Program is extremely helpful for the First-Time Home Buyer because it offers less stringent credit standards combined with the low down payment benefit

FHA LOANS

The Federal Housing Administration (FHA) Loan can be useful for a number of people, including veterans. FHA loans offer a multitude of options for both Purchases and Refinances including: Fixed Rate Mortgages, Adjustable Rate Mortgages (ARM), Rehabilitation Mortgages (‘Rehab Loans’ for “fixer-uppers”, or home improvements), and more. A FHA Loan comes with a form of mortgage insurance that can be paid either all upfront or in monthly payments. Like a VA home loan, FHA loans also require an upfront fee. Our Future First Home Loan Specialists are well versed in FHA loans and can assist you in determining if this is the right loan for you. For additional information visit us at www.fhathefairway.com

GET THE LOAN YOU NEED

TESTIMONIALS

GET IN TOUCH

253-200-3134

5306 Pacific Hwy. E Suite B

Fife, WA 98424

© 2024 Cornerstone First Mortgage, LLC. All Rights Reserved. NMLS ID #173855 Equal Opportunity Lender. *A down payment is required if the borrower does not have full VA entitlement or when the loan amount exceeds the VA county limits. VA loans subject to individual VA Entitlement amounts and eligibility, qualifying factors such as income and credit guidelines, and property limits. Fairway is not affiliated with any government agencies. These materials are not from VA, HUD or FHA, and were not approved by VA, HUD or FHA, or any other government agency. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply.

Complaints may be directed to:


(866) 815-1803 or Email us: [email protected]

Loan Officers licensed in: AL, AR, AZ, CA, CO, FL, HI, IA, ID, IL, IN, KS, KY, LA, ME, MN, MO, MT, NC, ND, NM, NV, OH, OK, OR, SC, SD, TN, TX, VA, WA, WY.

5306 Pacific Hwy E. Suite B Fife, WA. 98424.

253-200-3255

Company NMLS#173855