Under the umbrella of HUD the Department of Urban Housing is FHA the Federal Housing Authority which insures 1-4 unit primary residential mortgages.
Over past 12 months FHA has made changes to the program, but it is still one the best low down payment mortgages on the market to date.
Traditional FHA Mortgage Requirements:
- 3.5% down payment can be a gift from family or paid by employer and may other sources
- Minimum Credit Score 580
- Maximum loan amount in Arkansas is $271,050 for 1 unit dwelling
- Stable Income
*FHA often waves the down payment requirement in eligible disaster areas
Call today to see if you qualify. Free Pre-Approval and Credit Report.
Complete Form Below to Request Consultation
Phone (479) 616-1722 and ask for Lee Email: Lee@nwamortgagepro.com