• Delorenzo Enterprises

What is an FHA Home Loan?

An FHA home loan is a mortgage program offered by an FHA-approved lender like Nationwide Mortgage Bankers, Inc. FHA home loans are insured by the Federal Housing Administration (FHA), which is part of the U.S. Department of Housing and Urban Development (HUD).

What Are The Benefits of an FHA Home Loan?*

A down payment requirement as low as 3.5%.

The option for the seller to contribute up to 6% of the sale price.

A relative can be a co-applicant on your loan as a non-occupant  (not available on cash-out transactions).


Eligible Properties:*

1 to 4 Family Properties

A HUD approved condominium.

A manufactured housing unit (must be on a permanent foundation built on or after June 15, 1976).


*All applications are subject to credit, property and income approval. This is not a commitment to lend. Loan products are subject to change and may not be available in all cities or states. Speak to a licensed loan officer for more details about available loan products and full eligibility requirements.

Tags: #Mortgage #Buying #Purchase #Refinancing #FHA #FHAloan #FHAMortgage


Licensing: 

Alabama / Arkansas/ Arizona / California – DBO / Colorado / Connecticut / Delaware / District of Columbia / Florida / Georgia / Illinois / Iowa / Indiana / Kansas / Kentucky / Louisiana / Massachusetts / Maine / Maryland / Michigan / Minnesota / Mississippi / Montana / New Hampshire / New Jersey / New Mexico / New York / North Carolina / Nevada / Ohio / Oklahoma / Oregon / Pennsylvania / Puerto Rico / Rhode Island / South Carolina / South Dakota / Tennessee / Texas – SML / Virginia / Washington / Wisconsin / Wyoming. More details about our presence and Licensing: https://www.nmlsconsumeraccess.org/

Disclaimer:

*All loans are subject to Credit, Underwriting and Appraisal Approval. Programs, Rates, Terms, and Conditions are subject to change without notice. This is not a commitment to lend. “NMBNOW” “Americasa” and “Americasa Home Loans” are registered DBAs of Nationwide Mortgage Bankers, Inc. (“NMB”) 68 S Service Rd Suite 400, Melville, NY 11747. NYS Department of Financial Services #LMB 109502 HUD Approved Title II Supervised Lender #3113200005. Nationwide Mortgage Bankers, Inc. is not acting on behalf of or at the direction of HUD/FHA or the Federal Government. NMB is in no way affiliated with “Nationwide Mutual Insurance Company”. NMB is Registered with the Nationwide Mortgage Licensing System NMLS #819382 DBA NMB HOME LOANS INC. in AL, AZ, FL, GA, IL, IA, KS, LA, MN, MT, OK, PA, SC, SD and TX. DBA NMB Home Loans in MA. New Jersey Residential Mortgage Lender License #819382

 

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