FHA financing has been re-vamped to be more transaction-friendly


While FHA-insured mortgages have been in existence for over 60 years, they have been revised to be more flexible to today's transactions. No longer will you see the dreaded "VC Sheet" which required automatic repairs of the property being financed.

Here are some of the primary characteristics of an FHA mortgage:

  • No income limits
  • No prepayment penalties
  • Qualifying ratios of 29% and 41% (which can be revised if a proposed change to the subject property is energy efficiency-related)
  • 95% Loan-To-Value Ratio
  • Borrower's down payment may be in the form of a gift
  • Possible to be zero dollars down payment

If you have an interest in pursuing this type of financing further, just contact me and I can put you in contact with one of my preferred lenders.

Brought to you by Randy Charlton of Century 21 Home Realtors.