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does fha have a down payment assistance program?

hoping if there is i would qualify with 687 credit. i don't have a lot of debt and i do have savings but i'm moving and will need to buy all new furniture so the more assistance the better. by elanayermin43786130 from Heber, Arizona. Nov 13th 2014 Reply


William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,055 contributions

FHA does not offer down payment assistance, but they do allow for funds to be gifted or granted.. I have several programs that might work for you and I'm here in AZ.. I would be happy to assist.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Nov 13th 2014
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You may want to look into USDA loan. Please call me and we can discuss your options. David Kester 602-628-6500.

Nov 13th 2014
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Megan Lower (mlower)
#764 ranked lender in California - 1 contribution

You might be interested in a USDA loan, which is 100% financing. It is available in Heber and if the seller does not want to pay your closing costs you can use down payment assstance to cover the costs. You can reach me at 928-220-0889Megan Lower

Nov 13th 2014
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John Burke (jburke)
#32 ranked lender in Texas - 187 contributions

Hi Elanayermin, As has already been mentioned, you really should look at the No Money Down USDA mortgage. One of the best things about the USDA program is the monthly mortgage insurance is substantially cheaper than FHA or conventional options.For example: On an FHA loan of $150,000, the MMI (monthly mortgage insurance) would add $168.75 to your monthly payment but on a USDA mortgage it would only add $62.50!The other nice thing is USDA will actually allow you to roll in your closing costs as long as the appraised value supports it.Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number. | Please feel free to contact me for more information or help. | John Burke | Senior Mortgage Banker | Great Plains National Bank http://www.usdamortgageonline.com | (877)228-9069 | http://www.trulia.com/profile/john-burke-mortgage-broker-or-lender-austin-tx-993995/reviews | Lending in ALL 50 states

Nov 18th 2014
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