FHA (Federal Housing Administration) Loans have been around for years and Network Mortgage has been a licensed FHA broker since 2000. Some of the benefits of obtaining an FHA Loan are:

• Low down payments

• Low closing costs

• Easy credit qualifying

FHA might be just what you need. Your down payment can be as low as 3.5% of the purchase price. FHA financing is available on 1-4 unit properties, including condos and townhomes. FHA allows up to 6.0% seller credit to be applied toward closing costs and pre-paid items like tax escrows and per diem interest, minimizing your out of pocket expense.

FHA has a loan that allows you to buy a home, fix it up, and include all the costs in one loan. Or, if you own a home that you want to re-model or repair, you can refinance what you owe and add the cost of repairs - all in one loan.

Network Mortgage has also been a licensed VA (Veteran’s Administration) Loan broker since early 2000. VA loans are available only to Veterans and Active Duty Service Personnel who have served a minimum of 181 days.

FHA and VA loans are available to all those who qualify. For further information regarding either FHA or VA Loans contact a Network Mortgage Consultant.