• Home

    Welcome to Savings Home Mortgage LLC

    Whether you prefer to do business online or meet a live person, we will provide you a custom tailored loan to fit your exact needs.
  • Apply Now
    • Full Application
      • We suggest filling out this application only if your loan consultant has instructed you to do so. This application requires you to setup a user name and password for yourself.
    • Download Application
      • You can download the application material now and mail or fax it to us. This is a full application that can be printed as opposed to the online application that can be filled out on a browser.
  • Purchase
      Purchasing a home is a very exciting time, and being well prepared will help you make better decisions. Take this opportunity to learn more about home buying and the mortgage process.
  • Refinance
      Why pay more than you have to? Don't miss out on super low rates.
      Changing the terms of your loan can benefit you and maximize your monthly income.
  • Tools & Info
    If you would like to know the rate for which you qualify, Apply Online, and we will give you an accurate assessment of what you can afford.
    If you have any questions, just click Contact Us or call us at 888-616-6857.
  • About Us
    Company Profile
    Contact Us
    If you would like to know the rate for which you qualify, Apply Online, and we will give you an accurate assessment of what you qualify for.

FHA Loan

An FHA (Federal Housing Administration) loan is a loan insured against default by the FHA. In other words, the FHA guarantees that a lender won’t have to write off a loan if the borrower defaults – the FHA will pay.

FHA loans are not for everybody. Nevertheless, they are a great help to some borrowers. FHA loans allow people to buy a home with a down payment as small as 3.5%. Other loans might not allow such a low down payment.

FHA loans offer a few other bells and whistles:
3.5% down payment required on purchase
Easier to use gifts for down payment and closing costs
No prepayment penalty
Financing for home improvement using FHA 203k programs

Who can get an FHA Loan?
Almost anybody can get an FHA loan. There are no income limits. However, there are limits on how much you can borrow. In general, you're limited to median home prices in your area. To find the limits in your region, visit HUD's Website. To qualify for an FHA loan, you'll need to have reasonable debt to income ratios. You don't need perfect credit but you will need to have a credit score of at least 620.

It's Easy! Get pre-qualified NOW!
Fill in your details below, and get a free no obligation consultation.

   
*Please fill in the required fields.