Do you need help with down payment or closing costs?

As you may know FHA guidelines state you must have a 3% down payment. Much lower then the required 5% down payment with a conventional mortgage but that 3% can still be hard to pay considering you still have closing costs. But good news we have partnered with Ameridream down payment assistance to allow the seller to effectively make this down payment for you! Click here to learn more about Ameridream!

Closing costs may also be covered under the Ameridream program which lets the sellers cover your down payment and closing costs! In cases in which you need both covered you would have to accept the list price of the house and might have to increase the sales price and the loan amount to cover the seller paid costs. But that of course depends on how you negotiate with the seller. If you can make your down payment but not closing costs click here to learn more about how FHA can help you. It is possible that you can get a home of your own for only a few hundred dollars when properly executed.

If you perfer to have our Loan Officers explain this please click Apply Now!