Many visitors to the Panama City Real Estate site often question whether they can qualify for a home loan.
Each time I'm asked this question, my answer is the same - "You don't know unless you ask"!
The FHA loan program is one means for those with mid level credit scores to take advantage of todays low housing prices.
Here are a few items of interest for those interested in FHA programs:
- Credit score 580 - 619 (Overlays apply call for details)
- 3.5 % Down payment
- Fixed rate loans
- 100% Gifts from family member to cover down payment and closing costs
- Seller can pay up to 6% towards buyers closing costs and prepaid
- Non-traditional Credit