Benefits of FHA Loans

With the FHA insuring your loan, lenders know you are not as risky an investment as you might have been if you were applying for a conventional loan without such backing.

That can translate to some fantastic benefits:

The down payment on an FHA loan is 3.5%.

FHA loans feature lower interest rates.

Qualify without perfect credit.

Choose between fixed and adjustable rates.

While FHA loans are used primarily for home purchases, you can also use them to refinance. With an FHA loan, you can use the equity you’ve earned to help improve your payment/term or pay off debt.

Premier Lending Corp can assist you with any of these types of FHA loans.

To find out how we can help, call

954-840-8811

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Who Qualifies for FHA Loans?

Think you can only qualify for an FHA loan if you are a first-time homebuyer? Actually, it may surprise you to learn that FHA loans are more widely available than that. Many repeat buyers use them to finance their purchases. They are ideal for consumers buying their first homes, but they are not limited to first-time buyers.

Here are the eligibility criteria:

A minimum credit score of 580.
Proof of income dating back a minimum of two years.
No bankruptcies within the past two years.
No foreclosures within the past three years.
A clear credit alert interactive voice response system (CAIVRS) report.

FHA loans are only to be used on primary residences. They cannot be used for part-time vacation homes or additional homes you are purchasing as investments.

FHA Loans

Premier Lending Corp

5.0

Marissa Smith

16:37 11 Dec 18

Buying a home is exciting! But it can also be an intimidating process. What we needed was someone to guide us through the details and make us feel comfortable with one of the biggest purchasing decisions we have ever made. That is exactly what Juan Fajardo at Premier Lending Corp did for us. He answered every call, email, and text. Every question was answered, and he did so promptly and professionally. We really couldn't ask for more. He even came to our closing. Truly a great experience all around.read more

Tim Emanuel

04:09 02 Jun 18

Thanks to this awesome team for all their assistance on the process of financing my first time home purchase. Manny has been nothing but friendly and helpful throughout the entire process. No question was unimportant! Throughout the process, for almost a year Manny and his team assisted us in our home search. Many made sure we knew what we could afford, what various financing options would mean to us, and gave us all the information we needed to make an educated decision on how we wanted to fund our home purchase. He was always available when questions arose, and he was beyond helpful in guiding us through the process after our offer was accepted. PLC offered us nothing but their best, we highly recommend them to all our friends and family! Thank you Manny and PLC! :-)read more

Barbara Thomas

00:48 19 Jul 16

As first time home buyers, we had lots of questions and needed a lot of trusted guidance. Premier Lending Corp walked us through each step of the process making it a much easier process than we had anticipated. Thanks Juan!

Johnny Perez

01:45 28 Sep 15

I can't say enough about my experience with Premier Lending. I knew that I needed a professional to help me with all my mortgage needs when purchasing my new home. Juan Fajardo did an exceptional job. He was extremely attentive to all of my concerns. He answered all of my questions immediately. He made the experience of finding the right mortgage (which could potentially be a stressful time for a buyer) carefree. Since I started working with Juan, I felt that he always had my best interest on his mind. He assured me that my transaction would go without a hitch...and he delivered. From always keeping me informed with any issues at hand to even sitting with me during my closing, Juan made this experience second to none. I would recommend Premier Lending to anyone who wants a great experience finding a mortgage and wants someone to look out for their best interest. I am grateful to Juan and Premier Lending and because of the fantastic experience that they provided. If I am ever in need to a mortgage, I will definitely go to Juan again.read more

Rodolfo Zubiate

18:24 12 Jan 15

Buying a home is an extremely overwhelming and scary process. At least it was for me at first with this being my first home. But the second I met with Premier Lending all those feelings went away and I immediately felt a sense of comfort and security, and I knew a had a great team behind me helping me through out the entire process.I had the pleasure to work with Manny Fajardo, who was always available to answer any question or doubt I had, and he always made it clear that he had my best interest in mind. He fought to get me the best rate possible and made the entire process pain free. I'm extremely happy with my home, and I have only Premier Lending to thank for that. I definitely recommend going with Premier Lending, even if you have questions and aren't sure about buying a house. They will guide you and put you in the best possible scenario.Thank you guys!read more

Brooke Nelson

19:22 14 Oct 14

I recently purchased my very first home and I cannot say enough about Manny and Premier Lending. As a first time home buyer I was very uneducated in this area and Manny took the time to explain each and every step of the process. He was always available when I had questions and worked diligently and had all paperwork done and put together in record timing. I would HIGHLY recommend him to anyone who is looking for a mortgage broker.read more

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Premier Lending Corp is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.

954-840-8811

FHA Loans

What Are FHA Loans?

Benefits of FHA Loans

That can translate to some fantastic benefits:

Who Qualifies for FHA Loans?

Find Out Now If You Qualify for an FHA Loan

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