FHA - Federal Housing Authority Programs

Posted by Jennifer Mackay - Owner on Tuesday, June 21st, 2011 at 8:08am.

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

If you want to take advantage of the current housing market, here's your opportunity.

Contact me today for more information on these and other options for financing your new home:

3 Responses to "FHA - Federal Housing Authority Programs"

Bob @ East Bay Homes wrote: I love FHA! In fact, if it wasn't for FHA - and their recently increased loan limits - our California market would be stuck in the mud.

FHA is like a B-paper loan at an A-paper rate. With low down payment!!

Posted on Tuesday, June 28th, 2011 at 9:06am.

Mark Brian wrote: With prices and mortgage rates being so attractive right now, I almost feel sorry for anyone that doesn't at least speak with a lender. Well, IF right now is the right time for them to buy. But the mortgage rates and prices sure make it tempting.....

Of course, they need to think about a monthly payment they will comfortable with and set their price range accordingly.

Posted on Wednesday, June 29th, 2011 at 6:22pm.

Jennifer Mackay | Panama City Homes wrote: @Bill - @ Mark,

Thanks for visiting and offering your opinions.

FHA is a wonderful way for new home owners to experience the joy of owning their home.

Best wishes,


Posted on Tuesday, July 26th, 2011 at 10:32am.

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