Prospect Park, PA- June 23, 2009 – Tightening credit guidelines make pennsylvania fha loan mortgage the best option for many borrowers looking to purchase a new home or refinance their existing home.
new jersey FHA loans have not been utilized by many new jersey mortgage company for years. However, with the changing credit markets
pa FHA loans are back in full force.
new jersey FHA loans allow greater flexibility over the more traditional loan programs that fall under Fannie Mae or Freddie Mac guidelines. Here are just some of the advantages of
pa FHA mortgage:
1)
nj FHA mortgage require as little as 3.5% down and allow a seller assist up to 6%
2)
pennsylvania FHA mortgage are typically not as credit score driven. Borrowers can have lower scores and still get a great rate.
3)
pennsylvania FHA mortgage allow for non-occupying co-borrowers i.e. (mom/dad)
4)
pa FHA mortgage has increased loan limits up to $729,000 in some regions
5)
pa FHA loans are much cheaper now. Because FHA loans are federally insured, they tend to trade at a higher premium on the secondary market. This means lenders can often charge a lower rate.
These are just a few of the benefits of an
pa FHA mortgage. With these loans being on the sidelines for a few years many mortgage brokers and lenders aren’t fully aware of the guidelines or how FHA works in today’s market. This is why it is very important when choosing and a mortgage company that you make sure they are experienced and knowledgeable when it comes to FHA loans.
Chris Swartz of National Future Mortgage in Prospect Park Pennsylvania works directly with FHA underwriters in house and has the answers you need to any and all of your FHA mortgage questions. Christopher also has the staff and support to get your FHA loan closed fast. If you are considering a home purchase or refinance please contact Chris or anyone of the FHA experts in his office today to see how they can help you with your financing needs.
Using the website of National Future Mortgage is very simple. On the website you will find a secure short loan application that can be completed in two minutes. You can visit the website at http://www.nfmmortgage.com.
We highly recommend that anyone looking to secure FHA financing do their research and try to secure the best rate possible. Nearly all lender are offering the same products and similar rates so one should expect to go with the company that has the most experience and best customer service. Your calls should be answered immediately or returned promptly. No questions should go unanswered when dealing with a reputable bank either.
pennsylvania FHA loans may be the right option for you if you have at least a 620 middle score, two years of employment in the same line of work, and are purchasing or refinancing your primary residence. FHA loans are great because they have a higher loan to value offering than any other loan program available to the general population right now. In addition one can secure financing with rates in the 4-5% range which is a huge benefit. This along with the $8000 first time home buyer tax credit should hel to propel the housing market back to recover and the FHA loan product is one of the best tools mortgage broker have to assist in that process
Chris Swartz
National Future Mortgage
1-877-536-3509 x 11
cswartz@nationalfuturemortgage.com
707 Moore Station 2nd Fl
Prospect Park, PA 19076
Wednesday, June 24, 2009
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