FHA loans may be something new to you, but Sun Mortgage Funding that deals with this type of loan is fully aware of it. This company is dedicated to offer its customers the federally insured loan by Federal Housing Administration for insuring home mortgage loans in Saint Martinville, LA
Most real estate agencies like this can help with FHA mortgage loans; the only difference is how long it will take and how much you will have to spend. As a buyer, you want a fast approval for the least money. That's easy to achieve with this mortgage funding company. Today real estate companies are far more sophisticated than there were just a few years ago. They are prepared to deal with every situation of their customers to conclude the sale, and this company is one of them.
An FHA loan has extra advantages over other types of loans. These loans require low down payment, usually around three to five percent of the loan amount. The closing costs are typically low compared to other traditional loans, which make home ownership desirable to first time home buyers. It's easy to get qualified for FHA loans. Buyers with less than perfect credit can get qualified due to the reason that these loans are insured by the government.
To become eligible for a FHA loan, you need to be a legal resident of the United States, have a valid social security number and be of legal age to obtain a mortgage loan. The lender, on the other hand, is required to verify your credit history, debt history and income before making the loan decision. Some of the things you are likely to be asked to provide include your recent pay stubs, copies of stock accounts or any other assets, copies of bank statements and copies of tax returns if you are self-employed. Depending on your situation, you may need to produce other documents. A good candidate for a FHA loan is the one who is a first time home buyer, has complied to the the above requests and meets all the requirements put forth by the specific mortgage lender.
This Mortgage Funding company can hep you get the best rate for a FHA loan. They can find a better loan by dealing directly with a lender, avoiding a mortgage broker and therefore broker's commission. Another benefit of using this company as a source for the loan is that the professional team here is more likely used to dealing with problem applications. The team has all the experiences to assist a borrower with credit issues.
Get started in the least amount of time and find and acquire the property of your dream. Sun Mortgage Funding can help individuals in the Saint Martinville, LA to get FHA loans to purchase or refurbish a home.