FHA Mortgage Loans are one of the best mortgage loan programs available for folks purchsing a home in the Wake County Area because it serves so many needs!
You can use the program, as a parent, to help your student or child get into their First Home! The downpayment is 3.5%, and it can be a gift from a family member. They also allow the parent, or family member, to go on the loan to help with qualifying!
The program can also be used to help an elderly parent who might have a limited income live an independant life style!
FHA Mortgage Loans also offer flexability when it comes to new credit - meaning if you have not been in the work force for YEARS, you might not have a very high score – not because you’ve missed a payment, simply because you don’t have a really long credit history!
Borrowers who work second jobs, also find FHA is quicker to accept income from that second job – meaning sometimes only 18 or 20 months of second job income history is required!
We’ve closed over a THOUSAND FHA mortgage loans in our history as Loan Officers! It’s a GREAT program, with HUGE benefits! Call Steve and Eleanor Thorne 919-649-5058 to get pre-qualified today!