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FHA Loan

The Federal Housing Administration (FHA), which is part of the U.S. Dept. of Housing and Urban Development (HUD), administers various mortgage loan programs.  FHA loans have lower down payments requirements and are easier to qualify than conventional loans.

Why should you choose an FHA loan?

There are many advantageous reasons to choose an FHA loan, especially if one or more of the following apply to you:

      If you’re a first time homebuyer

                If you do not have a lot of money to put down on a house

                If you want to keep your monthly payments as low as possible

                If you’re worried about your monthly payments going up

                If you’re worried about qualifying

                If your credit is not perfect

                If you’re worried about falling behind on your payments

An FHA loan offers many benefits and protections that you may not find in other loans.  If any of the above describes you, then an FHA loan may be right for you.

Mortgage World Bankers, Inc.
(NMLS Company ID# 7116, in New York holds a Mortgage Banker License (# B500764) and Mortgage Banker Branch Licenses for Astoria, NY (NMLS ID 558838), (NMLS ID 1081208) and for Flushing, NY (NMLS ID 64452) Branch Offices approved by the New York Department of Financial Services, Phone(212)709-3500; in New Jersey holds a Residential Mortgage Lender License (#9947218) and a Residential Mortgage Lender Branch License for Englewood Cliffs, NJ Branch Office (NMLS ID 336925) approved by the New Jersey Department of Banking and Insurance, Phone: (609)292-7272; in Connecticut holds a Mortgage Lender License (# 12674) approved by the Connecticut Department of Banking, Phone: (860)240-8140; in Florida holds a Mortgage Lender License (# MLD638) approved by the Florida Office of Financial Regulation, Phone: (850)410-9895; and in Pennsylvania holds a Mortgage Lender License (# 29750) approved by the Pennsylvania Department of Banking and Securities, Phone: (717)787-2665.