How FHA Financing Can Make Your Home Listing Stand Out

Wouldn’t it be a dream to purchase a home and not make any interest payments for the first six months? If you are planning to sell your home, how do you attract the highest number of prospective buyers?

Today, FHA financing is used for 30 percent of all home purchases.
FHA financing allows buyers to overcome many obstacles often associated with purchasing a home, including shortage of funds for the down payment and closing costs. See how FHA can help buyers move forward with their purchase of your home!

· Low Down Payment: Buyers can purchase a home with as little as 3.5 percent down with FHA financing.

· Seller-Paid Closing Costs: Sellers may contribute up to 6 percent of the sales price towards the buyer’s closing costs.

· Gifts: The buyer’s friends and family may provide 100 percent of the down payment and closing costs as a gift.

· Down Payment Assistance Programs: There are often state or local down payment assistance programs that can be used in conjunction with an FHA mortgage.

· Non-Occupying Co-Borrowers: To help the buyer qualify, FHA allows the buyer to have a co-borrower on the loan that will not be occupying the property.

All-in-one purchase and renovation financing for homes in need of minor or major work

FHA offers two renovation loans that allow buyers to finance the home, plus repairs that will increase the home’s value. Find out more about the FHA 203(k) Streamlined and Standard loans.

Offer your buyers no interest payments for up to 6 months

Six interest-free months are the terms offered as a part of Platinum’s exclusive Dream Loan© program, which has helped sell homes since 1996.

Helping buyers with low credit scores

Platinum offers an exclusive FHA Low FICO program, which allows maximum FHA financing for buyers with a credit score as low as 580.

Let your buyer assume your low interest rate loan

If you currently have an FHA loan, and the interest rate is lower than today’s market rates, your buyer can assume the remaining terms on the loan. This is also an important feature that your buyer can use in the future when they sell their FHA-financed home.

Personal touch financing and fast closings

Platinum Home Mortgage is a Direct Endorsement FHA lender, which means both the seller and buyer get the advantage of being able to close quickly. As a direct lender, we process, underwrite and close our loans in-house. No middlemen to slow the process down.

An important note

Each FHA program is subject to different qualifying guidelines. Find out which programs best fit your needs by contacting my local Platinum Home Mortgage branch office at 765-429-4444

Original Article at http://blog.phmc.com/2013/11/22/mortgage-program/how-fha-financing-can-make-your-home-listing-stand-out/

James Werner
Branch Manager

Platinum Home Mortgage
Nmls ID# 137331