FHA Loan Arkansas
The FHA loan is a government backed loan that helps borrowers acquire a home loan. This loan is extremely helpful for first time home buyers and for those who have less than perfect credit. NwaLending can look at different loan options for you to see if this loan is the best fit for your situation. FHA home loans can help you to achieve your goals of owning your own home, and we offer multiple down payment options. We pride ourselves on our professionalism, and friendly customer service. The home loan process is easy when you work with a professional,and we are available to answer questions and to assist you from the beginning until your loan is closed.
NwaLending.com has ten years of experience serving the local community, and we understand the importance of the lines of communication during your loan process. We’re personally available to answer your questions about FHA loans during our business hours, and we’ll even respond to inquiries in the evenings and weekends to ensure you get the answers you need.
Applying for a FHA loan is a great solution for many borrowers, and the team at NwaLending.com will help you decide if FHA home loan is the best fit for financing for you. Contact us today and we will answer and of your questions about FHA mortgages.
FHA loans are government backed and can help 1st time borrowers and those with less than perfect credit. The FHA loan allows for 3.5% down payment and is also flexible with your debt to income ratio.
FHA Refinance Mortgage Options
Home buyers enjoy the benefits of investing in their house year after year. For each buyer, there comes a time when that investment comes in handy. Refinancing with an FHA loan can prove to be an effective way to have the equity work for you. FHA refinancing is only available to homeowners who are currently using their home as their primary residence.
FHA Cash Out Refinance
This refinancing option is generally beneficial to property owners whose home has increased in market value since the time of the original purchase. The Cash Out refinance allows homeowners to refinance their existing mortgage by taking out a new mortgage for more than they currently owe.
FHA Streamline Refinance
This refinancing option is considered streamlined because it allows you to reduce the interest rate on your current home loan and you can do this without an appraisal. FHA Streamlined Refinance also cuts down on the amount work that must be completed by your lender saving you valuable time and money.
Northwest Arkansas Home Loans
2829 E Hyland Park Road
Fayetteville, AR 72701
Providing home loans throughout Northwest Arkansas. Including: Fayetteville, Springdale, Rogers, Bentonville and Bella Vista
FHA Q & A
- How long do I have to wait to get a FHA mortgage after a bankruptcy?
a. Two years after the date that the bankruptcy has been filed at the courthouse you can close on a FHA mortgage loan.
2. What is the wait for a FHA mortgage after a foreclosure?
a. Four years after the sale of the foreclosed property from the bank registered at the county you can close on a FHA mortgage.
3. Does mortgage insurance fall off of a FHA loan after you reach 80% LTV?
a. No, mortgage insurance stays with the loan for the life of the loan until you sell the property or refinance to a conventional loan with 80% LTV.
Call us for a free consultation to see if the FHA mortgage is right for you.