FHA

Great for first-time homebuyers!

Buying your first home can be intimidating and confusing, but it doesn’t have to be. Mortgage advisers at ZoomHub Loans are here to help, and the FHA loan program is a great place to start.

FHA Requirements (How to Qualify)

While FHA loans aren’t only for first-time homebuyers, the qualification requirements were made with you in mind.

• Flexible FICO credit score requirements (starting at 580)

• Minimum down payments of only 3.5%

• No previous homeownership in the last 3 years

• The home must be your primary residence for 12 months

FHA Loan Limits

Homebuyers are only allowed to borrow up to a certain amount if they’re using an FHA loan. Each county in the United States has its own FHA loan limit. The limits for two, three, and four-unit properties are successfully higher than one-unit limits.

Most areas’ one-unit FHA loan limit is set at $356,262. The highest limits reach into the low $800,000’s. These limits are subject to change.

Here at ZoomHub Loans, we offer theNADA.

Nothing down with 100% FHA purchase financing.

theNADA Financing Highlights:

• 680 FICO credit score Minimum.

• Loan Amounts per county limits.

• First Time Homebuyer OK

• Homeowner Education (at least one borrower) required

• Follow FHA guidelines

• Non Occupying Co-Borrowers Allowed

• DACA Borrowers eligible

Start Your Application