FHA Loans - Green River

Less Down + Easier Terms.

It only takes a few minutes to start the FHA loan process with Green River Capital Corp.

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We’ll Help You Determine if FHA is Best for You, and Support You Through this Unique + Exciting Process.

THANK YOU to everyone at Green River for getting me a loan quickly. They have always handled the matters professionally. They have always picked up my calls and responded my emails in lightning speed. I was once stuck dealing with the big banks whose incompetent loan officers treated the clients as a loan number. Green River got me out of troubles working on a very tight schedule. HIGHLY RECOMMENDED! - Jack Wu

FHA Loans: For Borrowers Who Want a Fair Chance to Buy

The FHA (Federal Housing Administration) is an agency within the U.S. Department of Housing and Urban Development.

An FHA loan is a mortgage insured by the FHA, allowing for more flexible terms and less strict parameters.

The FHA doesn’t make loans; they insure loans that lenders provide.

Borrowers with FHA loans pay for mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan.

Benefits of FHA Loans: Less money down and easier terms.

  • • Because FHA lenders are insured by the government (the FHA), it allows for FHA mortgages with less money down. Convention loans usually require 10%-20% down to buy a home—but with an FHA loan, a person can buy with just 3.5% down.
  • • To illustrate: if you want to buy a house for $300,000, instead of putting the conventional down payment of 10% ($30,000), you’d put down as little as 3.5%, which is $10,500.
  • • Credit not perfect? That’s ok with FHA loans. Credit scores requirements are less strict with FHA loans, allowing a credit score as low as 550 to qualify. FHA lenders are more concerned with your ability to pay back the loan and not your credit score number.

Important tips about FHA Loans.

FHA might be the breakthrough loan that you need—but it also might not be your best option. Check out these facts and then give us a call to discuss the perfect loan for you.
  • • If you have 5% or more saved for your down payment, FHA might not be the best option for you. It’s important to weigh the total costs, monthly payments, and interest rate before making your decision. Conforming loans might be a better option.
  • • With an FHA loan, you’ll have a monthly mortgage insurance, but you’ll also have an upfront mortgage premium (called a UFMIP), which is usually 1.75% of your loan amount. That equals to a premium of $1,750. While this is not an upfront cost, it’s worth considering within the context of this type of loan.
  • • If you’re held back by lack of upfront capital or less than perfect credit, and you can afford to buy your chosen house, FHA could be an excellent option.
  • • If you have 20% or more saved for your down payment, an FHA loan is probably not the best option for you. However, our specialists can help you choose the perfect loan for your situation.

Contact Us Today

Give us a ring at (866) 407-4418 or Fill out an easy online application today

Contact Us Today

Give us a ring at (866) 407-4418 or Fill out an easy online application today