Bank of England Mortgage Blog
FHA Loans
FHA Mortgages, those that are insured by the Federal Housing Administration, offer opportunities for home ownership for those borrower’s whose credit standing may not be quite strong enough to qualify for conventional financing or may not have a large downpayment.
FHA Loans are not sub-prime loans, rather they are loans for borrower’s who may need a bit more flexibility in their financing options. FHA loans typically come with a low 3.5% downpayment.
At BOE, we even have a no downpayment option. We have the ability to qualify borrowers with lower credit scores, higher percentages of “seller assist” and other underwriting flexibilities.
Contact us today at (215) 493-3752 to find out if FHA financing makes sense for you!
Andy Raffle
Branch Manager
NMLS #156564
90 W Afton Ave. Ste. 203
Yardley, PA 19067
P: (215) 493-3752
Equal Housing Lender.