Just starting out with little to no credit? That doesn’t worry us a bit!
Even if you’ve struggled with credit in the past or you’ve only managed to save a portion of the traditional down payment for a new home, you are always welcome at CBM Mortgage!
With a credit score as low as 500 and as little 3.5% down from your own pocket, you may qualify for an FHA loan.
FHA loans are among the most flexible and affordable loan programs available today and are well suited for first-time homeowners and those in need of low down payment options. Not all funds must come from your own resources – some could be a gift from an acceptable donor.
Backed by the Federal Housing Administration, the FHA loan program is here to help stimulate the housing market by making loans accessible and affordable and is a popular option for many first-time homebuyers.
CBM Mortgage is the leading local lender for FHA Financing. We stand out among the competition on our FHA loans with competitive rates, faster closing times and the ability to work with you at your convenience.
So, if you've saved a little money for your first home but still have a budget to consider, this may be the right mortgage loan for you.
GET PRE-APPROVED ONLINE, OVER THE PHONE, OR FACE-TO-FACE.
Our local FHA loan experts are here to walk you through the loan process from application to closing and remain available to support and help you in the future. You will get to know your personal loan officer and be in contact with them directly throughout the whole process.
Eligible borrowers can expect:
- Flexible down payment options which allow gift funds from family members and grants from a state or local government down-payment assistance program
- Low closing costs
- Easy credit qualifying
- Competitive interest rates
- No pre-payment penalties
DON’T GET LOST IN THE MASSES AT A BIG LENDER.
CBM Mortgage is your hometown lender and would be honored to be part of the loan process for your next home. Please contact a CBM Mortgage representative for more information regarding FHA Financing or apply online: