FHA Mortgage Loan

Pine Creek Mortgage is an FHA loan expert, directly endorsed, approved lender by the Department of Housing and Urban Development. That's experience and also understanding not every lending institution has. We enjoy the adaptability of this car loan and also 1 in 5 home customers use an FHA Loan. FHA finances give extremely solid alternatives for both purchases and also refinances. You can certify with an extremely low down payment as well as less than excellent credit scores.

Here’s what you can expect from this very popular loan.

  • Rates are typically lower than a conventional loan
  • As low as 3.5% for your down payment
  • Cash out up to 85% of your home’s value
  • Debt to income ratios up to 57%
  • Can be used for condos, single family homes and up to 1-4 unit properties
  • Credit score down to 580 can be approved
  • Underwrite all FHA loans in house
  • A month without mortgage payments
  • Same day pre-approval
  • Rate and term refinance up to 97.75% of your home’s value
  • We can close your loan in as little as 14 days

When you hear all of these commercials about reduced rate of interest. Opportunities are, they are speaking about a FHA funding. Take advantage of these reduced prices and call us today. Not all lending institutions use the exact same rates of interest or prices on a financing. As an accepted lending institution, allow’s talk about how we can assist make this funding a fact for you as well as your family. You can be in your brand-new car loan in just a number of weeks. The process is problem complimentary and we will certainly take exceptional treatment of you.

Call us today to get started buying your dream home.


FHA loans have been helping people become homeowners since 1934. How do we do it? The Federal Housing Administration (FHA) – which is part of HUD – insures the loan, so your lender can offer you a better deal.

Who can qualify for an FHA Loan?

Buying your first home?

With as little as 3.5% down of the purchase price, FHA might be just what you need to get that dream house for your family!

Need financial help as a senior?

If you are 62 years or older and live in your home, and outright own or have a low balance on your home? Then FHA Reverse mortgage might be just what you need to put some of that equity into your bank.

Trying to make your home more energy efficient?

You can include the costs of energy improvements into an FHA Energy-Efficient Mortgage.

F.A.Q for FHA Mortgages

Here are some of our most commonly asked questions
or noted information when it comes to FHA mortgage financing:

How can FHA help me buy a home?

Because FHA insures your mortgage, lenders may be more willing to give you loan terms that make it easier for you to qualify.

You don’t have to have a perfect credit score to get an FHA mortgage. In fact, even if you have had credit problems, such as a bankruptcy, it’s easier for you to qualify for an FHA loan than a conventional loan.

FHA loans have a low 3.5% downpayment and that money can come from a family member, employer or charitable organization as a gift. Other loan programs don’t allow this.

FHA loans have competitive interest rates because the Federal government insures the loans. Always compare an FHA loan with other loan types.

The FHA has been around since 1934 and will continue to be here to protect you. Should you encounter hard times after buying your home, FHA has many options to help keep you in your home and avoid foreclosure.

What documents do I need for conventional mortgages?

  • Complete bank statements for all accounts for past 3-months
  • Recent account statements for retirement, 401k, Mutual Funds, Money Market, Stocks, etc.
  • Recent bills & statements indicating account numbers and minimum payments
  • Landlord’s name, address, telephone number, or 12- months cancelled rent checks
  • Recent utility bills to supplement thin credit
  • Bankruptcy & Discharge Papers if applicable
  • 12-months cancelled checks written by someone you co-signed for to get a mortgage, car, or credit card, this indicates that you are not the one making the payments.
  • Drivers License
  • Social Security Card
  • Any Divorce, Palimony or Alimony or Child Support papers
  • Green Card or Work Permit if applicable
  • Any homeownership papers
  • Note & Deed from any Current Loan
  • Property Tax Bill
  • Hazard Homeowners Insurance Policy
  • A Payment Coupon for Current Mortgage
  • Rental Agreements for a Multi-Unit Property

FHA does not provide direct financing nor does it set the interest rates on the mortgages it insures. For the best interest rate and terms on a mortgage, you should compare mortgages from several different lenders. In order to initiate the loan application process, please contact an FHA approved lender.

An FHA insured mortgage may be used to purchase or refinance a new or existing 1-4 family home, a condominium unit or a manufactured housing unit (provided the manufactured housing unit is on a permanent foundation.)

If you have any more questions about FHA mortgages, please give us a call!

25+ Years in Home Loan Experience with FHA Mortgages

Our client very first technique to mortgages is what separates us from all of the other banks and home mortgage businesses. Our team will walk you through the process to make sure that your loan closes in an extremely timely fashion. Our competitors might believe our approach on in-person customer support is excessive however our clients sure do value it.


We Are The Experts

The FHA, or Federal Housing Administration, provides mortgage insurance on loans made by FHA-approved lenders. FHA insures these loans on single family and multi-family homes in the United States and its territories. It is the largest insurer of residential mortgages in the world, insuring tens of millions of properties since 1934 when it was created.

  • FICO® score at least 580 = 3.5% down payment.
  • FICO® score between 500 and 579 = 10% down payment.
  • MIP (Mortgage Insurance Premium ) is required.
  • Debt-to-Income Ratio < 43%.
  • The home must be the borrower’s primary residence.
  • Borrower must have steady income and proof of employment.

An FHA Loan is a mortgage that’s insured by the Federal Housing Administration. They allow borrowers to finance homes with down payments as low as 3.5% and are especially popular with first-time homebuyers.

FHA loans are a good option for first-time homebuyers who may not have saved enough for a large down payment. Even borrowers who have suffered from bankruptcy or foreclosures may qualify for an FHA-backed mortgage.

FHA Loan applicants must have a minimum FICO® score of 580 to qualify for the low down payment advantage which is currently at 3.5%. If your credit score is below 580, the down payment requirement is 10%. You can see why it’s important that your credit history is in good standing.


Keep in mind that FHA credit requirements cover more than just your FICO® score; they also determine eligibility based on a borrower’s payment history, bankruptcies, foreclosures, and extenuating circumstances that keep applicants from making timely payments.

credit-requirements for FHA mortgage

More information about FHA Mortgages, give us a call

The Types of FHA Home Loans

Home Equity Conversion Mortgage (HECM)

This is a reverse mortgage program that helps seniors aged 62 and older convert the equity in their homes to cash while retaining title to the home. You choose how to withdraw the funds, either as a fixed monthly amount or a line of credit

FHA 203(k) Improvement Loan

This loan factors in the cost of certain repairs and renovations into the loan. This one loan allows you to borrow money for both home purchase and home improvements, which can make a big difference if you don’t have a lot of cash on hand after making a down payment.

FHA Energy Efficient Mortgage

This program is a similar concept to the FHA 203(k) Improvement Loan program, but it’s aimed at upgrades that can lower your utility bills, such as new insulation or the installation of new solar or wind energy systems. The idea is that energy-efficient homes have lower operating costs, which lower bills and make more income available for mortgage payments.

Section 245(a) Loan

This is a program for borrowers who expect their incomes to increase. Under the Section 245(a) program, the Graduated Payment Mortgage starts with lower initial monthly payments that gradually increase over time, and the Growing Equity Mortgage has scheduled increases in monthly principal payments that result in shorter loan terms.

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