Tower’s FHA Solution brings the American Dream within your reach...
The Federal Housing Administration has made sweeping adjustments in their FHA loan qualifying criteria, with the appraisal process, and by adjusting underwriting requirements in order to make it possible for more people and families to own their home or refinance an existing mortgage.
Reasons To Consider an FHA Home Mortgage Loan:
Created by the Federal Housing Administration (FHA)
Qualifying for an FHA loan even if you have a lower credit score or lower household income
Refinancing choices – especially with cash-out features of up to 95% of your home’s appraised value
Pay off non-tax incentive installment accounts
Lower interest rate and monthly payment – up to 97% of your home’s appraised value
Down payment requirement is lower – only 3%
Down Payment Assistance
Your ENTIRE down payment can be a gift from a relative
Available programs include Nehemiah® and AmericanDream®
The property’s seller is now allowed to contribute to your closing costs up to 6%
30 Year Fixed Rate
Manual Underwriting – More flexibility to assist qualification for loan
Increased loan limits now with FHA across the USA
FHA Loans are Assumable
Contact Tower Mortgage if...
You are purchasing a home and have a Lower Down Payment
You presently have a Lower Credit Score or Low Household Income
Your present ARM Loan is adjusting and refinancing may be the answer for you to be able to keep your home
Refinancing with Cash-Out is a feature you’d like to explore
You want to work with a company that makes getting an FHA loan quick and easy.
Mortgage's commitment to customer care, honesty,and integrity has made us one of the leading mortgage
firms in terms of customer satisfaction. Our customers come
back to us again and again for their real estate financing
professional Loan Consultants know that no two customers
have the same financial requirements, so we provide one-on-one
attention and customize the best solution for you.