HOMESTAR's loan limits increased for 2023 FHA loans | https://scontent.fcrk1-3.fna.fbcdn.net/
HOMESTAR's loan limits increased for 2023 FHA loans | https://scontent.fcrk1-3.fna.fbcdn.net/
HOMESTAR's loan limits increased for 2023 FHA loans! Call your local HOMESTAR team to learn more about if an FHA home loan is right for you.
Find your local branch or Mortgage Loan Originator here: http://bit.ly/HOMESTARBranches
With FHA loan requirements being a little more flexible, first-time homebuyers often benefit from this type of home loan as it offers a lower down payment (as low as 3.5%). However, you do not need to be a first-time homebuyer to benefit.
FHA loans are great for homebuyers who have:
- Lower credit scores
- Low to moderate income
- Money to put towards a down payment
Some advantages of FHA loans:
- Fixed- or adjustable-rate
- Limited closing costs
- No prepayment penalty
- Reduced documentation available on certain refinance
Original source can be found here
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