A specialist mortgage broker in Bakersfield, CA has launched a new application service designed to help families and first time buyers who are interested in applying for an FHA loan mortgage.
Bakersfield, United States - January 11, 2021 /NewsNetwork/ —
A specialist mortgage broker based in Bakersfield, CA has launched a new service aimed at individuals and families who want to apply for a Federal Housing Administration (FHA) loan to help them get on to the property ladder.
Find out more at https://themortgagehouse.mymortgage-online.com/JessicaCruz.html
The newly launched application service for an FHA loan from Jessica Cruz of The Mortgage House is designed to support those who require a lower minimum down payment and have a lower credit score than traditional home financing options will accept.
FHA loans are an increasingly popular option for families and first-time homebuyers because of the flexibility they offer. In addition, the lower down payment required is a benefit for those without savings as it can range from 3.5% to 10% depending on the circumstances of the applicant.
With a down payment of 3.5%, applicants can expect to receive a loan to value ratio of 96%, which makes this option accessible to those on a lower income or with less savings when compared to traditional options, which require a down payment of between 3% to 20%.
An FHA mortgage can be used to purchase several housing options such as a single-family home, a multifamily home, a condominium, or a manufactured home if it is located on a permanent foundation.
Whichever property type is going to be purchased, it must be the primary residence of the buyer. Additionally, although there are no upper restrictions meaning higher earners can apply for FHA financing, it cannot be used to purchase a vacation or investment property.
Jessica offers clients a personal service and helps them navigate the application process whether they are ready to apply or simply want to check their eligibility.
A spokesperson said: “Jessica will give you the personal service you deserve. She understands the commitment you are making in purchasing a house, refinancing a mortgage, or cashing out your equity. She makes a commitment to you that she can help you qualify, apply, and be approved for the ideal mortgage for you.”
To find out more, interested parties are invited to visit the link provided.
Contact Info:
Name: Jessica Cruz
Email: Send Email
Organization: The Mortgage House
Address: 8500 Stockdale Highway #150, Bakersfield, CA 93311, United States
Phone: +1-661-204-5619
Website: https://themortgagehouse.mymortgage-online.com/JessicaCruz.html
Source: NewsNetwork
Release ID: 88993183
