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Offering an expedited, friendly loan process, Residential Finance facilitates mortgage loans across the country. Taking pride in serving the needs of diverse customers, Residential Finance offers a variety of home loans insured by the Federal Housing Administration (FHA), which are typically designed for borrowers who don’t have the cash for an initial down payment.
ADVANTAGES OF AN FHA LOAN FROM RESIDENTIAL FINANCE
An FHA loan from Residential Finance offers the following benefits:
• Competitive interest rates
• Customers can buy their new home with as little as 3.5% down
• Family member, employer or charity gifts can be put toward a down payment
• Potential for lower mortgage insurance fees
In addition, if the customer previously acquired their home mortgage when rates were considerably higher, they may qualify for an FHA Refinance loan.
Residential Finance FHA Loans can be a great solution for borrowers who are unable to afford a large down payment and desire the security of a government insured loan backed by the Federal Housing Authority.