Oklahoma
FHA Home Mortgage Loans &
Refinance
Your online resource for Oklahoma
mortgage lending and refinancing
Need
help with getting your loan? If so give us a call
Call Today 808-357-5326
The Oklahoma
FHA home loan program was created to help increase homeownership.
The FHA program makes buying a home easier and less expensive
than other types of real estate mortgage home loan programs. Some
highlights of the FHA loan program are:
Minimal Down
Payment and Closing Costs
-
Downpayment
less than 3% of Sales Price
-
100%
Financing options available*
-
Gift
for downpayment and closing costs allowed.
-
No
reserves or required.
-
FHA
regulated closing costs.
-
Seller
can credit up to 6% of sales price towards buyers costs.
Easier Credit
Qualifying Guidelines such as:
-
No
minimum FICO score or credit score requirments.
-
FHA
will allow a home purchase two years after a Bankruptcy.
-
FHA
will allow a home purchase three years after a Foreclosure.
Easier Debt Ratio
& Job Requirement Guidelines such as:
-
Higher
Debt Ratio's than other home loan programs.
-
Less
than two years on the job is allowed.
-
Self-Employed
individuals o.k.
These advantages of
the FHA loan program has made it one of the best options for most
first time home buyers as well as move-up home buyers.
You do not have to
be a first time buyer to obtain a FHA loan, anyone may use a FHA
loan as long as you do not have more than one FHA insured loan
at any one time.
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