Our FHA Loans Can Help You Put Your Goals Within Reach
Your Key To A Brighter Future
Whether it’s your first home or your fourth – a Wells Fargo Home Mortgage FHA loan from The NAWBO Home Financing Program may be the right choice for you.
- Flexible guidelines to overcome credit challenges, including less-than-perfect credit history, for qualified applicants.
- Wide range of products and programs designed to meet virtually any homebuyer’s needs.
Home Financing Options to Enhance Your Benefits
As new legislation to modernize the FHA program is making its way through Congress, government-backed loan programs are getting a closer look from homebuyers today.
Features that fit your needs:
- Accommodating – Flexible credit, debt, and income-qualifying guidelines
- Customized – Choice of predictable fixed-rate payments or adjustable-rate products
- Flexible – Down payments as low as 3% and no mortgage payments held in reserve
- Options – Down payment and closing costs may be funded by a gift or grant
- Assumable – Qualified buyers may be able to take over the seller’s existing mortgage, including interest rate
FHA History and Updates
FHA mortgages
Since 1934, the FHA and HUD have insured over 34 million home mortgages, and the FHA currently has 4.8 million insured single family mortgages in its portfolio. [1] These loans have particular appeal to borrowers who are buying their first homes, as well as any homebuyer who wants to maximize his or her available funds.FHASecure
Another new development in government loans is the FHASecure plan. This plan gives homeowners with non-FHA adjustable rate mortgages (ARMs) the ability to refinance into a FHA government-backed mortgage. The plan may be particularly beneficial for consumers who are struggling with declining home values, as it allows lenders to offer a second mortgage to make up the difference between the value of a property and what is owed. The government projects that by the end of this year, the plan could help 240,000 families who are making on time payments or who cannot manage their payments with newly reset rates to refinance with an FHA loan.FHA Energy Efficient Mortgage (“Green Mortgage”)
HUD has implemented a renovation program for homeowners who make energy-saving and/or solar technology improvements to their homes. As one of the nation’s leading FHA /VA lenders, Wells Fargo Home Mortgage works diligently to make FHA loans available to our customers as quickly and efficiently as possible. We certify our mortgage consultants on the FHA lending process so they are knowledgeable and current about every aspect of government-backed loans.
Learn more about your home financing options by reading one of our popular Homebuying Guides. Download a guide now.
Plus, when you close a new mortgage or refinance your loan through The NAWBO Home Financing Program you can receive a $200 Closing Cost rebate. [2]
To explore how an FHA loan can enhance your financial security, call The NAWBO Home Financing Program today: 1-888-568-1906 or visit: www.benefits-mortgage.com/NAWBO1563.