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Why Choose an FHA
Loan?
A quick crash course
on FHA loans...
what the benefits are... and why
they might
just be your best option.
What is FHA?
Since 1934, the Federal Housing
Administration (FHA) -- a government agency -- has been
helping people experience the dream of home ownership.
How? Actually, the FHA doesn't lend
money... they INSURE loans.
In doing so, the FHA protects
these approved lenders, which in turn, enables them to offer lower interest rates and
more affordable monthly payments to the homeowner.
Why an FHA loan?
 For starters, conventional loans
generally require a larger down- payment than FHA loans.
By allowing buyers to finance up
to 97% (and in some cases, up to 100%) of the price of their
home, FHA loans often make home ownership more possible... for
more people.
With lower interest rates, lower
monthly payments, and a smaller down-payment, FHA loans often
allow people to afford more in a home.
Plus, it's easier to qualify for
an FHA loan.
Are credit problems, bankruptcy
or foreclosure resulting in higher interest rates and fees
than you expect? Are you worried about being able to afford
your monthly mortgage payments?
Then, it's time to explore an
FHA mortgage or refinance.
Where can you get an FHA loan?
Only FHA Approved lenders can
offer these loans.
CREFCO is an approved FHA lender
and can answer your questions and help you apply. Call
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