Getting A Loan

FHA

FHA Loans

An FHA loan is a type of government-backed mortgage insured by the Federal Housing Administration, a branch of the U.S. Department of Housing and Urban Development. 

Loan Benefits: 

  • Can be a fixed rate 

  • Can be a 30 year term down to a 15 year term

  • Can be funded (start to finish) in as little as 10 business days

  • Can have lower down payment requirements

  • Can allow you to receive all of the down payment as a gift

  • Can allow borrowers with lower credit scores and income to still qualify for a home loan

Borrowing Power

Borrow up to 57% of your debt to income (DTI). This means how much you make vs. how much you owe each month. 

*Contact us for your specific scenario. 

Speed to Close

Close in as little as 10 business days! Average closing expectation is 30 days or less. 

*Contact us for your specific scenario. 

Minimum Credit Score

The minimum credit score a typical borrower will need to have is 600.

*Contact us for your specific scenario. 

Minimum Down Payment

Purchase with as little as 3.5% down. In many cases the funds can be gifted. 

*Contact us for your specific scenario. 

Have More Questions?

Wesley Wyrick | Vice President Of Sales | NMLS  1067576​ | 3818 Teays Valley Rd, Hurricane WV 25526

NMLS      |      FAIR LENDER      |      FAIR HOUSING

Licensed by the Dept. of Business Oversight under the Kentucky Mortgage Company License MC81516;  L-158799; Ohio Mortgage Broker Banker Exemption MB.850056.000; Tennessee Department of Financial Institutions #122390; West Virginia Mortgage Lenders License # ML-24537; Licensed by the Tennessee Department of Financial Institutions 122390 NMLS ID #50635 (www.nmlsconsumeraccess.org) Victorian Finance, LLC DBA American Home Mortgage

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