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Purchase Fha Mortgage

New home purchase FHA mortgage.

Buying a home using a Purchase Fha Mortgage is a great way to become a home owner with very little costs out of pocket. Most home buyers these days do not have money saved for large down payments that are sometimes required for conventional financing. Buying a home with a FHA purchase mortgage will allow you to have only 3.5% as your down payment. FHA mortgages also allow for the seller to pay up to 6% of your prepaid items such as home owners insurance and taxes as well as your closing costs.

Purchase Fha Mortgage loans are insured by the Federal Housing Administration. Currently Riverbank Finance LLC is offering Purchase FHA mortgages with no lender fees. Ask how your Riverbank loan officer how you can buy a home with no closing costs or lender fees. Even if you have bad credit you can use a purchase FHA mortgage loan to become a home owner.

For more information on a new home purchase FHA Mortgage, call 800-555-2098 or apply online today!

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    What is a New purchase FHA mortgage in Michigan?

    Purchase Fha Mortgages are home loans that are becoming one of the most popular purchase mortgages available. Because the FHA, Federal Housing Administration, insures the mortgage lender against loss if the borrower is unable to pay their mortgage payments, purchase FHA mortgages are very flexible and easier to qualify for than a conventional mortgage.

    In many cases it is not an option for a buyer to have 20% of the purchase price available for a down payment. For these borrowers we recommend using a purchase FHA mortgage to allow them to buy a home with only 3.5% as their down payment. FHA mortgage have very competitive interest rates as well which help you save money mover time. If you are shopping for a home to buy, use a purchase FHA mortgage to help you become a home owner today! Why pay a high interest rate when you can qualify for a fha mortgage and close in as little as 10 days! Our loan officers at Riverbank are experienced in Purchase Fha Mortgage loans and offer the lowest FHA mortgage rates available including:

    • First time home buyers FHA mortgage
    • Purchase FHA Mortgages
    • 30 year fixed FHA mortgage
    • 15 year fixed FHA mortgages
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    Benefits of Purchase Fha Mortgage loans

    • Buy a home with as little as 3.5% down payment
    • Qualify for a Purchase FHA mortgage is easy!
    • Credit scores as low as 580!
    • Bad credit FHA mortgages
    • Fast closings with a purchase FHA mortgage
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