FHAbility

FHA Refinance and Purchase Loans
 

In today's mortgage market, getting approved can be challenging. With this in mind, Lendability.com has introduced FHAbility. It is our program that offers you government sponsored Federal Housing Administration (FHA) loans. These FHA home financing loans offer you the most choices with low down payments whether you are purchasing or refinancing. As FHA lenders, we are happy to offer this program as an option to those trying to find their ideal mortgage rate.

FHAbility offers you:

  • Cash-Out refinancing up to 95% of the value of your home.
  • 3% down payment when buying a home.
  • Low credit scores are OK as low as 500!
  • Your entire down payment can be from gift funds.
  • Loan amounts up to $729,000 in qualifying areas!
  • 0 cash out of pocket programs available to qualified borrowers.
  • 30 year fixed rates available
  • No early payoff / prepayment penalties ever! 

FHA Secure
 

If you match any of these statements, the FHA Secure loan maybe able to help you:

  • Currently late and behind on mortgage payments due to the adjustment of your arm rate?
  • Interest rate increase has caused you to go into mortgage default or foreclosure?
  • Have little equity in your home?

To qualify for a FHA Secure refinancing loan, eligible homeowners must meet the following five criteria:

  1. A history of on-time mortgage payments before the borrower's teaser rate expired and loans reset;
  2. Interest rates that have or will reset between June 2005 and December 2008;
  3. Three percent equity or cash in the home;
  4. A sustained history of employment; and
  5. Sufficient income to make the mortgage payment.

All FHA Secure loans and Standard FHAbility loans do not have any mortgage pre-payment penalties.
For more information about mortgage loans from an FHA approved lender, please contact us directly at 1-800-55-ABILITY or chat with us live. Our knowledgeable FHA mortgage lenders are awaiting your call. We will always make sure you fully understand all your options and the circumstances regarding the loan you choose before any final decisions are made.

Trust Lendability.com mortgage advisors to find you the best rates!