[vc_row][vc_column width=”1/4″][vc_single_image image=”3798″ img_size=”large”][/vc_column][vc_column width=”3/4″][vc_column_text]Do you live in the Salt Lake Area or in Utah? Are you trying to figure out what home loan would be best for you?
We will be discussing many Loan Programs that may help you as a potential home buyer. This is a short explanation of the FHA Loan Program.
FHA Loans
FHA stands for the Federal Housing Authority which administers a loan program under the U.S. Department of Housing and Urban Development. Through this program people who might not otherwise be able to purchase a home may qualify for a loan. The unique part of this loan program is that FHA insures the potential lender against a default by the home buyer(borrower).
Qualifying Borrowers
- There are no income level requirements
- You will have to meet certain credit levels
There are specific loan programs for
- First-time buyers
- Seniors
- Those who want to purchase a “fixer-upper home
Limits on FHA Loans
The amount you can borrow can limit the houses you can purchase. Amounts of the loans vary depending on where you want to live. We can help you find the qualifying houses.
Another important option with the FHA loans is the low down payment. Each state has different laws and requirements for qualification. We can help you with the specific requirements of Utah.
These are some of the major facts about FHA Loans. Give us a call to see if these programs are right for you. (801) 627-8888 or Set a Phone Appointment to Learn More[/vc_column_text][/vc_column][/vc_row]
A Home Loan specialist with over 25 years experience. She can help you find the best loan program that meets your needs.