1 down fha program

It is important to have communities functioning on all cylinders, so programs like this to get foreclosed properties off the market quickly are highly effective. This is an amazing opportunity to buy a home with minimal out of pocket expense. Please call us today to get pre-approved to buy a HUD-owned property. We are available seven days a week for all your mortgage needs. Call Mike Gracz on today! I am interested in buying my own home for the 1st time.

My credit score is right now, plus I would like to join the low down FHA government program with a 13 year locked fixed rate. Stay safe and enjoy your evening. Comments 5 Subscribe to Comments Comment.

Show All Comments. Wendy Lockhart. Great news for new home buyers! Thanks for the info! Michael Wayne Jackson. This is great news. When did this program start, and who would qualify for this type of program? Vickie Nagy. My lender hadn't sent a memo out on this yet.

Thanks for sharing But wait, won't just this type of loan make even more trouble? Barb Van Stensel. Marcus Fleming. Therefore, loan approval chances are higher compared to other loan types. HUD is short for the U. Department of Housing and Urban Development.

This U. FHA is actually the only government agency that is fully self-supporting. This means that FHA stays in existence from its own funds without depending on another government agency to support it. FHA is one of the most popular loan types because of the low down payment, affordability, and flexible guidelines.

FHA loans offer advantages in the following areas:. Our loan officers are well versed in FHA guidelines to help buyers navigate through the process to closing. Does your home purchase fall within FHA maximum loan limits? Check out the chart below or click the link to search your county.

Many buyers, especially first time home buyers, are looking for as little down payment as possible. Instead of the minimum required 3. Regretfully, this program is limited to eligible properties.