Professional FHA Loan Broker
Are you eager to acquire a home but worried about the credit and down payment requirements? Look no further than Turaco Mortgage’s FHA mortgage financing! We are here to help you easily open the doors to your dream home as an expert FHA loan broker.
FHA-approved mortgage loans have several benefits, making them an excellent choice for many purchasers. Our FHA new construction loan can give you the money you need to create the new house of your dreams if you’re planning to do so.
Our FHA-insured home loan and FHA reverse mortgage loan alternatives can provide financial freedom and security throughout retirement for people looking to access home equity. If you intend to remodel or remodel your current property, our FHA home improvement loan is tailored to your needs.
If you intend to remodel or remodel your current property, our FHA home improvement loan is tailored to your needs. We have a team of professionals who are knowledgeable about the regulations and procedures for FHA loans. We will walk you through each step to ensure your application process is simple and easy. Our helpful staff members are dedicated to assisting you in locating the finest FHA loan for your particular circumstances.
Don’t let money problems prevent you from becoming a homeowner or ensuring your future. Discover the advantages of FHA mortgage loans with us today, and let’s go on a journey to fulfill your dream of being a homeowner! We provide services in the following areas: Plantation, FL; Oakland Park, FL; Lauderdale Lakes, FL; Lauderhill, FL; and Tamarac, FL. Contact us to review your possibilities; together, we’ll discover the ideal FHA loan to suit your requirements.
A Popular Loan For Less-Than-Perfect Credit
FHA loans are one of the easiest mortgages to qualify for because they don’t require a large down payment and they are more flexible with credit scores. FHA loans are widely used by first-time homebuyers and can require upfront and annual mortgage insurance premiums.
Who Qualifies for FHA Mortgage Loans
- Homebuyers with lower credit scores
- Individuals with low-to moderate-incomes
- Borrowers who can afford down payments as low as 3.5%
Benefits of an Mortgage FHA Loan
- More flexible qualification requirements than other mortgage loans
- Down payments as low as 3.5%
- Credit scores as low as 600
- Financing up to 96.5% of home purchase price
If you can make a 10% down payment, your credit score can be in the 500 range. Some of Our lenders requires a minimum credit score of 580
Note that cash down payments can be made with gift assistance for an FHA loan, but they must be well-documented to ensure that the gift assistance is in fact a gift and not a loan in disguise.