Home Ownership Is Just A Click Away!
You need a FHA loan that’s best for you and the right advice. It’s an important decision for you, we know. The
experienced mortgage professionals
at FHA123.com will work with you. To get approved
apply online; it is as easy as 1-2-3.
Buying a home with FHA
Get started here:
|
1. |
Get pre-approved, when you get pre-approved through FHA123.com you have buying power! You will have an advantage over other buyers in the
market. We can work directly with you and your licensed realtor. |
|
2. |
Start your search for a home. Once you find your home and sign a purchase contract then the next steps will follow: |
|
• |
Meet with your attorney to start an attorney review of the purchase. |
|
• |
You have a right to a full home inspection. |
|
• |
By working with you every step of the way, you will close quicker and move in faster! |
FHA for First-Time-Home-Buyers
A FHA mortgage makes owning your own home possible by making it easier to get approved for a FHA loan, which is less difficult than obtaining a
traditional loan. FHA began to help promote first time homebuyers purchase their first home and to promote home ownership. FHA123.com makes it easy to understand,
get started today!
Key benefits to a FHA purchase loan:
|
• |
First-time-time-home-buyers can get a tax credit up to $7,500. ** (details below) |
|
• |
Minimum down payment of 3.5%. |
|
• |
Your down payment can be gifted to you. |
|
• |
A FHA loan has easier credit qualifying. |
|
• |
Low fixed rates available. APPLY ONLINE! |
|
• |
A FHA loan allows seller concessions for closing cost up to 6% of your home purchase price. The closing costs can now be financed into the
loan. |
|
• |
Several property types allowed, includes 1-4 units, condos, town homes, modular homes, and manufactured homes. |
|
• |
Chapter 7 and 13 bankruptcies are allowed as long as certain stipulations are met. |
FHA123.com facts about the homebuyer tax credit. **
Are you eligible?
If you have a valid Social Security Number and are a legal resident of the United States, you may qualify. To receive the maximum tax
credit of $7,500, you must have an adjusted gross income below $75,000 for individuals (or $150,000 for joint filers).
Are you entitled to the full $7,500 tax credit?
It will depend on the price of your home and your adjusted gross income. The credit amount will be 10% of the purchase price of your home
purchase, not to exceed $7,500.
How does the credit work for me?
The credit acts like a loan from the government and must be repaid over 15 years. The repayment benefits are you don’t have to pay interest and you
can make equal installments. You can also pay it off sooner, if you sell your home for a gain before the credit is repaid.
When does the program end?
The first-time homebuyer credit is retroactive for consumers who purchased homes on or after April 9, 2008. This is good news! If you’ve purchased
a home already you can still qualify for the tax credit. The program is in effect until expiring July 1st, 2009.
Take advantage now! Let the experts at FHA123.com assist you.
|
