Paving Your Way to
FHA Homeownership

Our First Time Home Buyer (FHA) Mortgage Product designed to empower you in making your real estate dreams a reality. Offering loan amounts ranging from $150,000 to $800,000, this comprehensive package caters to a variety of assets such as Condos, Townhomes, Multi-Family 1-4 units, Single Family homes, and Commercial properties.

With flexible lending terms including 5 Year ARM, 7 Year ARM, and 30 Year Fixed options, we aim to provide a solution tailored to your financial needs. One of the distinguishing features of this mortgage product is the availability of down payment assistance, easing the initial financial burden and helping you secure your property with confidence. Choose this FHA mortgage product for an optimized, reliable, and versatile home buying experience.

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Who Is An FHA Loan For?

Our FHA Mortgage Lending product serves a diverse clientele:

  • First-Time Homebuyers: Offering a simplified entry point into the real estate market.
  • Individual Investors: Leverage lower down payments and flexible credit requirements.
  • Trusts, Corporations, and Limited Partnerships: We provide financing solutions to suit investment properties that meet FHA guidelines.

How FHA Mortgages Benefit You?

When you choose our FHA Mortgage Lending product, you unlock:

  • Affordable Down Payments: Begin your homeownership journey with as low as a 3.5% down payment.
  • Flexible Credit Standards: This product accommodates a range of credit profiles, widening your accessibility.
  • Variable Debt-to-Income Ratios: We understand that life circumstances vary, offering more forgiving loan qualifications.

Specific FHA Requirements

Eligibility criteria include:

  • Valid Social Security number and lawful U.S. residency.
  • A FICO score typically of 580 or above to qualify for the 3.5% down payment.
  • Property appraisal by an FHA-approved appraiser.

FHA Property Types Funded

The versatility of our FHA product extends to various property types:

  • Single Family Residences: Ideal for those looking to start a family or live independently.
  • Condominiums: When choosing condos, ensure that the project is FHA-approved.
  • Townhomes: These offer a perfect blend of community living and individual privacy.
  • Multi-Family Properties (1-4 units): Ideal for those contemplating property investment; live in one unit and rent out the others.
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FHA Loan Amounts

  • Minimum Loan: $150,000, an entry point for modest investment properties or starter homes.
  • Maximum Loan: $800,000, catering to those looking for higher-end properties or multiple real estate investments.
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FHA Loan Terms

We offer a range of loan terms to suit your financial outlook:

  • 5-Year Adjustable-Rate Mortgage (ARM): Ideal for borrowers who anticipate selling or refinancing in the near future.
  • 7-Year Adjustable-Rate Mortgage (ARM): A slightly longer fixed-rate period for those who need more time.
  • 30-Year Fixed-Rate Rental Loans: Perfect for those seeking long-term stability in either homeownership or property rental.

FHA Availability Funding Eligibility

Our FHA Mortgage Lending product is accessible to a wide range of entities:

employee

Individuals

Particularly useful for those entering the property market.

corporate

Corporations

Entities engaged in real estate investments can apply.

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Partnerships

These too are welcome, provided they meet specific eligibility criteria.

Your journey toward homeownership is one we wish to support. Barrett Financial's FHA Mortgage Lending product stands as a testament to our commitment to providing reliable, tailored mortgage solutions. Start your application today and bring your homeownership dreams to life.

States We Serve

Barrett Financial is proud to service multiple states across the U.S., offering comprehensive solutions to suit diverse regional needs. Check our map to find out if we service your state.

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