What is a Denver FHA loan?
Considering a FHA loan in Denver or surrounding cities? This is one of the best first-time home buyer financing options available. It is a mortgage loan that is insured by HUD. It is designed, specifically, to help first-time home buyers.
It can help you finance your first home by providing some stepping stones that other loan products may not offer.
A few of the advantages of a FHA loan in Denver are:
- 3.5% down payment
- Options for down payment assistance (including family gifts and state and county DPA programs)
- Less than perfect credit requirements (including more forgiving bankruptcy and foreclosure requirements)
- Relaxed employment requirements
- Options for Assumption (call for more details)
- More options for Citizenship Status
Apply for a Denver FHA loan Today
A Denver FHA loan can allow you to purchase a home with a lower down payment than you would otherwise be required to have. While FHA loans in Denver tend to be best for first-time home buyers, they also work for people who have owned a home before too.
For the same list of reasons mentioned above, anyone can and may want to use FHA financing to buy or refinance their home. FHA loans in Denver are a good option for many because of the numerous advantages including as low as a 3.5% down payment requirement, a lower minimum credit score and other benefits.
No matter what, 5280lend will conduct a thorough analysis of your situation to determine if a Denver FHA loan is the best fit for you. To start the process or for more details, GIVE US A CALL or FILL OUT THE CONTACT FORM and we can get started!