EMPIRE WEST MORTGAGE LENDING

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.

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Benefits of FHA Loans

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• Minimal Down Payment: Become a homeowner with as little as 3.5% down.

• Reduced Closing Costs: Many fees can be rolled into your loan.

• Flexible Credit Requirements: Easier qualification with lenient credit guidelines.​

 

What Does FHA Have for You?

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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

• 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

• 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.

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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.

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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.

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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.