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Realtors

*Get to Closing faster - easier to qualify:

     - credit scores as low as 620

     - Low or no downpayment

     - Non-occupant co-borrower is permitted

     - Expanded qualifying ratios

 

*Protections and advantages:

     -No prepayment penalties

     -fully assumable

     -default assistance

     -lower premiums

     -Competitive interest rates and lower premiums

 

*FHA products include:

     -Reverse mortgages

     -80% cash out refinancing

     -96.5 % purchase financing