FHA Home Loan
Lower credit? Get the financing you need.
An FHA loan can be an appealing choice for individuals who have experienced some financial challenges in the past but still wish to become homeowners. If your credit score exceeds 500 and you are capable of making a minimum down payment of 3.5%, an FHA loan might be a suitable solution for your needs.
Qualification Requirements
Minimum 500 Credit Score
SouthFork requires a minimum credit score of 500 for FHA loans.
Up to 6% In Closing Costs
Sellers concession financed up to 6 percent of purchase price
Minimum 3.5% Down Payment
You’ll need to make a down payment of at least 3.5% of your new home’s purchase price.
Why FHA Loans?
FHA loans are supported and insured by the Federal Housing Administration, offering benefits to a wide range of homebuyers, not exclusively limited to first-time buyers. These loans are particularly advantageous for individuals with limited cash reserves.
Additionally, FHA loans can serve as a favorable choice for those who are in the process of rebuilding their credit after experiencing issues such as foreclosure or bankruptcy.
Get the best deal with SouthFork’s FHA Loan.
Lower minimum credit score
Lower down-payment options available with assistance for those who qualify
FHA Loans are assumable
Less restrictions & shorter period of time after financial hardships
Non-occupant co-borrower to help qualify for the loan
Finance up to 6 percent of your closing cost
Get preapproved now.
An FHA loan from SouthFork Funding can get you the financing you need - for the house you love.