Sentences with phrase «flexible qualifying guidelines»

203 (b): FHA program which provides mortgage insurance to protect lenders from default; used to finance the purchase of new or existing one - to four family housing; characterized by low down payment, flexible qualifying guidelines, limited fees, and a limit on maximum loan amount.

There are also federally insured mortgages, such as FHA or VA loans, which have more flexible qualifying guidelines.

FHA's popularity is in part due to the agency's flexible qualifying guidelines for acquiring and refinancing mortgages.

Not exact matches

FHA ARMs also confer the other advantages of FHA loans — 3.5 % down payments, flexible underwriting guidelines, and the ability to streamline refinance into either another ARM or a fixed - rate mortgage with no appraisal or credit qualifying.

As an approved FHA lender, Columbia Bank has been granted the authority to offer qualified homebuyers the opportunity to purchase a home with a low down - payment, allowable seller concessions of up to 6 %, and more flexible credit guidelines.

Our affordable mortgage programs offer flexible credit guidelines and reduced down payment requirements — designed specifically for individuals and families who are buying their first home or might not qualify for more traditional loans.

Loan programs backed by the Federal Housing Administration offer applicants more flexible guidelines for qualifying for a home mortgage.

Because the VA loan offers such flexible guidelines, you might be able to qualify even if you've been turned down for another type of home loan, including the FHA loan, a Conventional 97 mortgage, or some other type of credit.

This program allows more people to qualify under the flexible loan - to - value guidelines.

Therefore, guidelines are flexible, and buyers often qualify when they thought they could never own a home.

The FHA 203k loan for renovation has the same qualifying requirements as a standard FHA 203b loan which has the most flexible guidelines with minimal down payment than any other type of loan at this time.

With the FHA One - Time Close Loan, homebuyers can also take advantage of the agency's lenient qualifications, such as easy credit qualifying for scores, more flexible guidelines for homebuyers» work histories, small escrow reserve requirements, and debt - to - income ratios up to 50 percent.

Therefore, guidelines are flexible, and buyers often qualify when they thought they could never own a home.