FHA Loans

FHA, 15-year fixed, 10% equity on approved credit

FHA loans, which are insured by the Federal Housing Administration, offer low rates and features that first-time homeowners and others can use to buy their own home. At Golden Oak Lending Denver, we can help you apply for your FHA loan, ensuring that you enjoy the best rates and flexible terms of this government-backed loan.

First-Home Buyers Use FHA Loans

First-time buyers in Denver appreciate the benefits of this loan, which include flexible income and credit requirements. This loan works well for those who have stable income but don’t necessarily qualify for a traditional home loan.

  • You don’t have to have a high credit score. Your credit can be average, and your debt ratio can be higher than what is required on a traditional loan. If you are repaying health care bills, auto loans, college loans, or personal loans, you may still be able to use an FHA loan to buy a home.
  • You don’t need much cash. Down payments and closing costs can cut into the amount of cash that you have on hand. With a down payment of only 3.5% of the purchase price, you can more easily afford your dream home.
  • Your loan can be assumed. If you decide to sell your home, your buyers may be able to assume your loan. That means they would also enjoy the low rates that come with an FHA loan, even if mortgage rates are much higher in the future. It’s an attractive selling point that would save a buyer thousands.

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Low-Rate FHA Loans in Denver from Golden Oak Lending

At Golden Oak Lending, we treat every customer with respect and appreciation. We know that buying or re-financing a home is a big step, so our Personal Loan Officers walk you through the process. Since FHA loans are insured by the government, they are often quickly approved. We want you to be able to walk into your new home with no delays. Call us today and let us get you started on the road to home ownership.

Interest rates are at an all-time low, and the time to call is now!

Contact us today and see how our rates can save you money!