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Ideal Manufactured Homes: FHA Loans

FHA Loans...

            The Federal Housing Administration (FHA) is a United States government agency created 1934. The goals of this organization are: to improve housing standards and conditions, and to provide an adequate home financing system through insurance of mortgage loans.

FHA offers many benefits that you will not find in other loans. These benefits include:

  • Low closing costs.
  • Low interest rates.
  • Only 3.5% down payment.
  • Easier qualification.
  • Less that perfect credit scores.

          FHA loans are generally the easiest loans to qualify when purchasing Manufactured Homes. They have a low down payment requirement (3.5%) and allow the seller to contribute towards your closing costs. They also allow gifts & other exceptions that many other loans do not allow.

                                                                                                                                                                         For more information regarding FHA loans please visit http://www.hud.gov  or call us at (520) 378-2188
                      We will be happy to answers any questions.








 

 










4455 South Highway 92 • Sierra Vista, AZ 85650 • (520)378-2188 • rhuttsell@idealhomes.com

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