St. Louis real estate buyer! Are you a candidate for an FHA loan?
Is an FHA loan just for a first-time homebuyer? Absolutely not!!
As I work with buyers, I’m surprised at how often they tell me that they think FHA loans are only for first-timers. FHA is a great program for many different buyers:
- Is your credit less than perfect? FHA is for you!
- Do you only have 3.5% to put down? FHA is for you!
- Do you need to get the seller to pay your closing costs? FHA is for you!
- Do you need to use a gift from a family member for your down payment? FHA is for you!
FHA will loan up to 96.5% of the purchase price. Max loan amount in St. Louis is $281,250. You can buy a house for about 290k.
Call me for more information at 314-267-2636, or visit my St. Louis home guide website.
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