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FHA Home Loan

An FHA home loan provides a government-insured loan with flexible loan options. Less strict credit requirements and qualifications make this loan the easiest loan for buying a home or refinancing. Depending on your situation, FHA home loans can be a great loan option. Qualifying is simple!

How FHA Home Loans Work

According to FHA.com:

An FHA Loan is a mortgage that’s insured by the Federal Housing Administration. They allow borrowers to finance homes with down payments as low as 3.5% and are especially popular with first-time homebuyers. FHA loans are a good option for first-time homebuyers who may not have saved enough for a large down payment.

Some of the benefits of an FHA home loan include:

  • Pay your mortgage at any time without pre-payment penalties
  • 30-, 25-, 20- and 15-year terms are all available with fixed rates for FHA home loans
  • 5-year adjustable-rate mortgage available

Qualification Requirements

  • Credit scores as low as 580 may qualify
  • Refinance up to 97.75% of your primary home’s value
  • Buy a home with as little as 3.5% down (primary home)

Got questions on FHA home loans?  Give us a call!  One of our mortgage specialists would be happy to answer all of your questions and get you started with a great low rate today!

Working with Omega Lending

  • We put YOU first. We are committed to getting every client the very best possible deal every single time.
  • Omega Lending offers some of the most competitive rates in the Nation!
  • Fast and efficient, we close most of our loans in 30 days or less.
  • We offer a variety of loans. Omega Lending will find you the loan that is right for you!!!
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