Don’t wait for perfection to
purchase a home
Perfection is an illusion.
FHA home loans are a great mortgage option to help achieve the dream of homeownership sooner than you think.
We get it.
Life can be hard, messy, and sometimes complicated.
You deserve a mortgage you understand, are comfortable with and can afford.
The reality is - the path to homeownership looks different for everyone.
We believe in helping you get there, no matter your starting point.
Homeownership might be closer than you imagined!
1 • Let’s review your situation
2 • You’ll get a personalized plan including a timeline for your goals, how much to save for a small down payment, closing costs, and reserves.
3 • Complete your application and find the perfect home for you!
As first-time homebuyers,
we didn’t know what to expect, nor all of the complexities involved in purchasing a home.
However, from the moment we first made contact, the MFLC team worked tirelessly to build our trust and ensure we had answers to questions we didn’t yet know we needed to ask.
Thank you Charlie + Team!
— Anthony H.
FHA has many mortgage opportunities, even if:
-
You have a less-than-perfect credit score
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You're purchasing a 2-4 unit property and plan to live in one of the units
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You have less than 20% saved for a down payment
Why wait?!
Sure - you can wait until you meet all the qualifications of other mortgage options like a conventional loan. But why?
With an FHA loan, on-time mortgage payments will help increase your credit score.
You can leverage time and resources to build equity in your property.
We often help homeowners refinance out of an FHA loan - meanwhile, no time is lost.
You can own a home with less than 20% down
Yes - it’s true! For as little as 3.5% down, you can buy a home with an FHA loan (which is $5,250 for a home at $150,000). Pro-tip: we always recommend having more than the minimum available when possible.
Mortgage Insurance is a small price to pay for owning a home years ahead of schedule
Yes - it’s true, FHA loans come with mortgage insurance. Before you click away… here are a few things to keep in mind:
● 3.5% down requires mortgage insurance for the life of the loan.
● 5% down requires a slightly reduced mortgage insurance for the life of the loan.
● 10%+ down requires a lower rate mortgage insurance for a maximum of 11 years.
● When you’re ready - you can refinance out of an FHA loan to cancel monthly mortgage insurance.
Rates aren’t everything -but they are something
Yes - it’s true, FHA loans typically offer great interest rates for homebuyers.
Once FHA - always FHA
Actually, this one isn’t true.
We frequently work with customers to improve credit scores and financial situations so that they can refinance out of an FHA loan. This can eliminate that monthly mortgage insurance and help better position your monthly budget. In the future, we can help you find the best mortgage for that situation.
It’s a great stepping stone - but you don’t have to stay there forever!
Charlie and his team were great! Good educators and supportive. They were
flexible on the fly as I changed my mind and they worked very well with my awesome realtor. Great experience!
— Andrea S.
FHA loans are popular for first time homebuyers -
As a first time homebuyer you might have more questions:
I’ve never been able to qualify for a loan - can you help me?
I have some financial struggles that have held me back before…
I’m overwhelmed by this whole process, what happens next?
To all of the above: that’s exactly why we’re here.
We can help you determine your options and even create a customized plan to help you reach your goals of homeownership. No two homeownership journeys are exactly the same.
The first step is to reach out - we’ll take the next steps together.
