First World Mortgage is an FHA mortgage lender providing a variety of low money down financing solutions. Our FHA loans can help those buyers who might not otherwise qualify for a loan because of low cash, less than perfect credit history, and various other reasons that may not make them qualify for a conventional loan.
FHA loans may allow you to take advantage of lower rates without having to put a lot of money down. Our FHA loans also allow you to include renovations and repairs that you want to do to your home. When you opt for this loan, your payment will typically be lower than a conventional mortgage, which makes these loans an attractive option for everyone – especially first-time homebuyers.
FHA 203k Benefits:
- Enables you to put only 3.5% of the purchase price towards a down payment
- Interest rates and payments often lower than conventional loans
- Flexible qualification criteria compared to other loan programs