EMPIRE WEST MORTGAGE LENDING
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FHA Loans with Empire West Mortgage Lending: Your Path to Homeownership
Since 1934, FHA loans have helped countless individuals achieve homeownership. At Empire West Mortgage Lending, we're here to guide you through the process and help you maximize their benefits.
Benefits of FHA Loans
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Minimal Down Payment: Become a homeowner with as little as 3.5% down.
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Reduced Closing Costs: Many fees can be rolled into your loan.
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Flexible Credit Requirements: Easier qualification with lenient credit guidelines.
What Does FHA Have for You?
Looking to Buy Your First Home?
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FHA loans make homeownership more accessible with a low down payment of just 3.5% and the ability to roll most closing costs into the loan. Available for 1-4 unit properties, FHA loans can help turn your dream of owning a home into reality.
Interested in a Fixer-Upper?
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FHA’s renovation loan lets you buy and remodel a home with a single loan. If you already own a home and want to renovate, you can refinance your mortgage and include the cost of repairs in one convenient loan.
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Financial Assistance for Seniors
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Homeowners 62 or older may qualify for an FHA reverse mortgage, allowing them to convert home equity into cash for financial flexibility.
Make Your Home More Energy Efficient
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With an FHA energy-efficient mortgage, you can finance energy-saving upgrades, reduce utility costs, and minimize your environmental impact.
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Financing for Manufactured & Mobile Homes
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FHA loans are available for factory-built housing and mobile homes, whether you own the land or live in a mobile home park, making homeownership more attainable.
How FHA Loans Work
The Federal Housing Administration (FHA), part of HUD, insures the loan, allowing lenders to offer better deals. FHA loans enable you to purchase a home with as little as 3.5% down and are more lenient on credit, funds to close, and co-borrowers.
Credit Considerations
Most lenders use credit scoring in the underwriting process, but FHA does not have specific credit score requirements. Borrowers can explain circumstances surrounding credit difficulties, and recent payment history is a key consideration.
Flexible Funding Options
FHA allows the borrower to get the necessary funds from various sources, including personal savings, gifts, grants, loans from retirement accounts, and seller contributions.
Start Your FHA Loan Journey with
Empire West Mortgage lending
Our experienced loan officers at Empire west mortgage lending will guide you through the process, ensuring you understand all options and find the best solution for your needs. Contact us today to learn more and start your path to homeownership with an FHA loan.
This general information is NOT a substitute for the advice of an attorney, accountant, and/or financial
planner. Before you decide to pursue a reverse mortgage, you should carefully consider your individual
circumstances so you can make a wise decision about the most valuable asset you may own—your home.
Factors to consider include whether the proposed reverse mortgage is a recourse or nonrecourse loan,
whether the loan would have a fixed or adjustable interest rate, and/or the current and projected market
value of your home. You are required to pay property taxes, carry homeowner’s insurance, or maintain the
condition of your home, or your loan may become due and payable.
“We do not discriminate on the basis of race, color, religion, national origin, sex, marital status, age, or because income is derived from public assistance.”