News
History has demonstrated time and time again
that financial markets can change dramatically in a short period of
time. In response to the current market’s volatility, Brighten Lending
is pointing to HUD FHA business as a probable boom to
our mortgage industry, primarily in Nevada, Alabama and California market
places.
Since HUD FHA has eliminated the allowable and
non-allowable closing costs and lenders can charge reasonable, yet
customary costs to close loans, HUD FHA has become a more attractive
sales tool.
There is
600 minimum FICO requirement, the cash
investment can be a gift from a family member, the borrower is
allowed less than perfect credit history, and the required down
payment is reasonably low. The market place is again ready for the
FHA borrower. Please visit:
http://www.hud.gov for maximum loan limit in the area of
property located.
Brighten Lending will still be able to meet your conventional
conforming loan requests. Our PITI abatement program will help
broker attract builders' business. We have simply added this FHA companion to
our list of programs offered to become a more well-rounded lender
who will assist you with your various mortgage needs.