The Federal Housing Administration (FHA) backs this type of loan and offers options for borrowers with credit scores that are less than desirable. If you are attempting to fix your credit score or have restricted savings for a down payment, then this loan may be just the thing to help you own your own home.
Even homebuyers with past foreclosures or bankruptcies may still qualify.
Avoid surprising rate hikes. With fixed rates, this loan gives borrowers certainty around your monthly mortgage payment.
Home buyers with credit scores considered less than perfect may qualify for competitive mortgage rates.
FHA 203(k) can not only assist with financing new homes but renovation costs as well.
Stanford Mortgage provides you with the tools you need to make the right borrowing decisions. These calculators will give you a basic idea of how key values are determined throughout the mortgage process. Try to ensure the information you enter is as accurate as possible. Always contact one of our Mortgage Advisors for an accurate quote that is best suited for your specific needs.
Together, we’ll find great mortgage solutions.
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