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 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 no 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.

Brighten Lending will still be able to meet your conventional conforming loan requests. 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.