FHA

FHA Highlights

Gift for downpayment and closing costs allowed
No reserves required
FHA regulated closing costs
Seller can credit up to 6% of sales price towards buyers costs

Easier Credit Qualifying

No minimum FICO score or credit score requirments
FHA will allow a home purchase two years after a Bankruptcy
FHA will allow a home purchase three years after a Foreclosure.

Easier Debt Ratio & Job Requirement

Higher Debt Ratio's than other home loan programs
Less than two years on the job is allowed
Self-Employed individuals o.k.

Refinancing a Home using an FHA Loan

FHA mortgage refinancing offers benefits for current real estate home owners
who are seeking to complete a refinance mortgage of their existing real estate mortgage(s). An FHA mortgage refinance may also benefit you even if you do not currently have a FHA loan.

Some advantages of using a FHA for your mortgage refinance

Manufactured Homes allowed
Streamline Refinance for existing FHA loan
Zero cost refinance options available
Easier credit and income qualifications
Cash-Out Refinance for existing or new FHA mortgages
Cash-Out up to 95% of your properties value
Bill consolidation programs
Easier credit and income qualifications
FHA regulated closing costs
Rate and Term Mortgage Refinancing up to 97% of value of your home
No FICO score or credit score requirements
Competitive rates for borrowers with a Bankruptcy older than two years
Competitive rates for borrowers with a Foreclosure older than three years

PMF - 4876 Brownsboro Center - Louisville, KY 40207
Office Phone: (502) 212-5181 Fax: (502) 212-5185 Cell Phone: (502)500-8975
Toll Free Phone: (800)251-3714

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