FHA loans are great for buying and refinancing!
Hank Jaworowski is an approved FHA
Inspector #C860.
Here are some facts about FHA Loans
Refinancing:
- You can refinance up to 97.75% of your home’s value. Or make a smart financial move and get cash from your home to consolidate your high-interest debt to a low, fixed rate – FHA cash-out refinance loans allow you to take out up to 85% of your home’s value.
- If you’re currently in an FHA loan, you could get a lower mortgage rate and payment..
Buying a home:
- Your down payment can be as low as 3.5% of the price of the home.
- First-time home buyers can get up to $8,000! “First-time home buyers” includes anyone who hasn’t owned a home in the past three years.
- FHA also allows seller concessions up to 6% of your home purchase price.
Congress has raised the loan limits for FHA loans across the country! If you are going with an FHA loan you will need the property inspected by a FHA authorized inspector. Call us today 631-360-7722