Are you looking for a house in the Kansas City area? Have you been told that you need more money for your down payment? Well, you aren’t alone, but there is now a solution tailored for you. First Fidelis is ready to meet with residents of Kansas City and the surrounding areas to discuss the possibility of an FHA loan with low down payments.
With an FHA, or Federal Housing Administration, loan, you can get a home loan with lower interest rates with less-than-perfect credit. These loans also allow for smaller down payments. FHA loans require only 3.5 percent down; and at First Fidelis, you will get help with two percent of that down payment. These loans also have low interest rates and monthly payments, making them extremely desirable for those who want to keep costs as low as possible. You can only use an FHA loan on one- to four-unit properties.
At First Fidelis, a premier low-interest refinance lender in the Kansas City Metro area, you may be able to find the perfect FHA loan for your situation. First Fidelis is offering FHA loans that require only 1.5 percent down from you, and your lender will put down another two percent for you. With a credit score of at least 620, you may be able to secure a home loan that doesn’t require a large down payment or high monthly payment.
If you are worried about qualifying for other loan types, FHA loans are often the way to go. FHA loans are known for being a lower-cost alternative in the home-buying world. However, you will be required to purchase mortgage insurance along with your FHA loan, so remember to calculate that into your cost.
Remember that the FHA isn’t a lender, so you will need to find an FHA qualified lender. The FHA offers mortgage insurance on loans from an FHA-approved lender to protect the lender in the case that the borrower defaults on the loan.
First Fidelis also helps customers close on their new homes quickly. With most home loans closing in under 30 days, First Fidelis works hard to make sure that you can move into your new home as quickly and inexpensively as possible.
If you are a first-time buyer, FHA loans are a good way to go. As a first-time buyer, you will want to speak to a professional to get a better understand of what is required during the home-buying process. Be sure to contact First Fidelis with any questions you may have about loans and purchasing a home.
To learn more about buying a home in the Kansas City area with First Fidelis, please call 913-205-9978 or email firstname.lastname@example.org. We would be happy to help you find the home of your dreams at a reasonable price. First Fidelis can also help you refinance your loan today.