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FHA Loans in Tupelo, MS
Perhaps your credit isn’t perfect. Maybe all of your debts aren’t yet paid down. These are common financial situations for many that don’t necessarily need to be barriers to securing mortgage loans at good rates with reasonable down payments. Particularly popular with first-time home buyers, FHA loans can often be great alternatives to conventional mortgages for those looking to purchase everything from single-family and multi-family homes to condos and more.
Whether you’re buying your first home or are a repeat buyer, an FHA loan through American Pacific Mortgage, Inc. very well could be your best option. How can you be sure it’s the right way to get the home of your dreams? Let’s talk about what the FHA program can do for you.
Call Us today at (205) 495-0313
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Why Consider FHA Financing for Your Tupelo Area Home?
- Low down payment of just 3.5%
- Credit qualifications that are often easier than those for conventional loans
- Shorter time to qualify after negative credit events compared with conventional loans
- Less strict rules on gift funds from family, friends, employers, and assistance programs
- Some closing costs can be rolled into the loan
- Save money on closing costs by having the seller pay them, up to 6% of the sale price
- Mortgage insurance is often affordable
- Allows for higher debt-to-income ratios
- Co-borrowers don’t need to be occupants; family and good friends can help one to qualify
- Not restricted by location
- Trade line requirements aren’t necessary
- Attractive interest rates
Give us a call to see if an FHA Loan in Tupelo is the best way to go for your home purchase in Mississippi. Beyond FHA loans, we offer popular FHA cash-out refinancing and FHA streamline programs to those who qualify.