Monday, February 11, 2019

First Time Home Buyer in Melbourne FL - Oceans Lending Mortgage Broker



First Time Home Buyer in Weston Park Melbourn FL?



We have focus on the Weston Park area in Melbourne Fl and as an FHA Mortgage Broker we can help you. You might even qualify for 0% down payment and get the closing cost financed as well.

FHA Loans
In order to promote home ownership, the Federal Housing Administration (FHA) offers FHA loans, which are backed by the FHA and provided by FHA-approved lenders. It is one type of federal assistance that has helped homeowners since 1934. With less stringent guidelines, lenders are able to issue loans on mortgages that wouldn’t normally fit conventional underwriting requirements, allowing more people to become homeowners. They tend to be more lenient on areas such as credit, funds to close and co-borrowers. At the same time, lenders are protected from losses suffered if the home goes into foreclosure because these loans are insured by the federal government.

Contact us today at (844) 993-3040

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