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Wholesale FHA
Purchase a Home with a Wholesale FHA Loan
More and more people who thought they would have a difficult time securing a mortgage are now able to purchase a home with the help of a Wholesale FHA loan. First time home buyers can now take advantage of buying a house or condo with a low down payment, flexible credit scoring and no income limits.
What is a Wholesale FHA loan?
A Wholesale FHA loan assists first time home buyers who qualify for a home loan. Many conventional loans make it more difficult for people to qualify for home loans, especially if they have experienced a foreclosure or bankruptcy. With a Wholesale FHA loan, you can achieve your goal of owning a home, even with less than perfect credit. If you previously had a foreclosure, you can apply for a Wholesale FHA loan 3 years after foreclosure. In addition, if you’ve experienced bankruptcy in the past, you can apply 2 years after bankruptcy. Here are a few benefits of applying for a Wholesale FHA loan:
- No income limit.
- Closing costs are FHA regulated.
- Credit Qualifying is more relaxed.
- Self-employed are eligible.
- Down payment for a Wholesale FHA is lower.
- Adjustable Loan - Wholesale FHA adjustable rate mortgage loan.
- Fixed Rate Loan - Wholesale FHA fixed rate mortgage loan program.
- Single Family Home – Wholesale FHA loan for single family homes.
- HUD Homes - Financing for HUD homes.
- 203K - Home improvement loan program.
Whether you want to buy a home or refinance on your current mortgage, Wholesale FHA can help you. Contact us today to find out further details about applying for a Wholesale FHA loan. A Wholesale FHA loan specialist will assist you with all your FHA loan needs.
Take the first step towards homeownership.
Contact PowerHouse Solutions today.
We make a complicated process simple.
That’s “The PHS WAY!”
Whether you are looking to purchase a new home or refinance an existing one, PowerHouse Solutions is with you every step of the way. We are Homebuyer Purchase and Homeowner Refinance specialists with years of experience. PHS will provide you with the right solution for your New York or Connecticut Mortgage needs!
Our goal is to provide solutions for any New York or Connecticut mortgage situation that our clients face. We strive to make the dream of homeownership a reality.
PowerHouse Solutions is a local company with strong ties to our community. This allows us to create strong relationships between realtors, buyers, and lenders. We’re in this together and all benefit from getting the best New York or Connecticut mortgage possible.