FHA Loans with Golden Oak
For first-time and qualified homeowners in St. Louis, Golden Oak Lending's mortgage experts will find the best loan option that fits your unique financial needs. With growing competition in the St. Louis housing market, our loan officer's expertise could be the crucial factor that secures you your first home. Call us today to find out whether an FHA loan is right for you.
At Golden Oak Lending, from the underwriting to the closing, all of our processes are done in-house. An experienced Personal Loan Officer will be your advocate for getting you the assistance you need at the lowest possible rate. Your Personal Loan Officer is your sole point of contact for the entire process, so there is no need to retell your story multiple times to different individuals. You have the benefit of an experienced and qualified professional who will guide you through the process of finding and qualifying for the right loan that meets your specific needs.
Golden Oak Lending Missouri
11737 Administration Drive, Suite 100
St. Louis, MO 63146
Phone: (314) 567-4653
Hours of Operation
Monday - Thursday 8:30 am - 5:30 pm
Friday 8:30 am - 5:00 pm
Saturday 9:00 am - 4:00pm
Advantages of FHA Loans
- Your Credit Does Not Have to be Perfect While some loans require a high credit score to qualify for a competitive interest rates or a reasonable down payment, an FHA loan allows those with below-average credit, like first-time St. Louis home buyers or those who are self-employed, to purchase a home.
- Accommodating Income and Debt Requirements When applying for an FHA loan, any income level is accepted, as well as higher levels of debt. This makes it the best option for prospective homeowners who are repaying student loans, auto loans, or have a high credit card balance.
- A 3.5% Down Payment Because FHA loans are insured by the Federal Housing Administration, they offer more flexible mortgage terms. One major benefit is that the down payment required on an FHA loan is just 3.5% of the home’s purchase price, which is ideal for St. Louis residents who cannot currently finance a significant down payment.
- Assuming an FHA Loan Buyers have the option to assume the previous homeowners’ FHA loan. Therefore, if mortgage rates rise, the new owners would enjoy the lower interest rate stipulated in the original FHA loan.