FHA Bottom Line Benefits:

• You can borrow up to 85% of the value of your home when you refinance to get cash out of your home or pay off debt.
• You can borrower up to 96.5% of the value of a home when you choose FHA as your purchase loan. That means you can buy a new home with only 3.5% of the purchase price down.
• Your entire 3.5% down payment can be gifted to you from a relative.
• You can also borrower up to 96.5% of the value of your home if you are refinancing with out taking cash out or consolidating other debts.
• FHA mortgages offer more flexible credit and income requirements than conventional mortgages.
• The seller of the home can contribute up to 6% of the purchase price of the home toward the closing costs as an incentive. This can reduce your out of pocket costs considerably.

Great reasons to consider an FHA mortgage:

• You want to minimize out of pocket costs on a new home purchase or refinance.
• You are concerned that your income or credit characteristics do not meet conventional mortgage guidelines.
• You would like to borrower as much as possible against the value of your home to take cash out or pay off higher interest rate debt.

FHA Mortgage Options:

• 30 Year Fixed Rate Mortgage
• 15 Year Fixed Rate Mortgage
• Adjustable Rate Mortgage options*
• Purchase and Refinance Options

Related Products Available

• 10 year, 15 year, 20 year and 30 year fixed rate conventional mortgages
• 30 year fixed interest only mortgage
• Conventional Adjustable Rate Mortgages
• VA Home Loans

How do I get started?

Ready to get started? Looking for more information about FHA mortgages? At National City Mortgage we make it easy. You can:

• Call us at 1-877-508-3339
• Fill out the short Learn More form to the right and we'll get back to you in 1 business day
• Chat live with Mortgage Specialist to discuss your options. Chat Now