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FHA Mortgage Buyers!
FHA Insured Home Loans
The Fastest Growing Mortgage Program
Not Credit Score Driven!
FHA Basic Insured Loan Program
- Safe 15 or 30 year fixed rate
- Easy credit qualifying
- Easy income qualifying
- New or existing
- 3.5 % down-payment
- 96.5% financing
- 1-4 unit structures
- No prepayment penalties
- Refi cash out up to 95%
- Refi with as little as 3.5%
- Post Bankruptcy 2 years
- Post Foreclosure 3 years
- Post Pre-foreclosure* 3 years
- Post Short Sale** Immediate purchase
* A Pre Foreclosure Sale is a Short Sale where the borrowers lender accepted less than the full mortgage balance to facilitate the home sale, AND the mortgage had become delinquent within 12 months of the sale
** A Short Sale is where the borrowers lender accepted less than the full mortgage balance to facilitate the home sale, but the mortgage was current at the time of sale and for 12 months before the sale.
Many First-Time Homebuyers turn to FHA. First-time homebuyer means anyone who has not owned a home in the past 3 years.
First-Time Homebuyers may be eligible for up to $8000 tax credit too!
FHA insures loans that are provided by a lender in partnership with FHA.
*New FHA Rules
Mortgage insurance premiums are increasing from 1.75% up front to 2.25% up front (EFFECTIVE APRIL 1, 2010)
Allowable Seller paid closing costs will be reduced from 6% of purchase price to 3% of purchase price
More FHA Information
FHA Loan Limits
$150,000 Mortgage Analysis
$250,000 Mortgage Analysis
$350,000 Mortgage Analysis
Simple Comparison Mortgage Chart
FHA 203k Rehab
FHA 203k Go Green
FHA Refinance
FHA Duplex 4Plex Mult-Family
FHA HUD $100 Repos
FHA HUD Refund
Call Peter Boyle 612.701.6816
pboyle@summit-mortgage.com NMLS License # 218261
*Summit Mortgage Corporation 
*Please check with your lender for current pricing and personal mortgage analysis.
*The information on this page can change without notice. Equal Housing Lender 
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