FHA Loans
An FHA loan is a loan insured by the Federal Housing Administration (FHA). The FHA does not loan money to borrowers, rather it insures the loans against default of a borrower.
FHA loans are available to buyers that are looking for a primary residence that will be owner occupied. The rates on FHA loans are generally similar to rates on conventional loans, but down payment requirements are lower. However, there are limits to the maximum amount that you can borrow based on prices in your area.
We offer traditional FHA loans, as well as 203K FHA mortgages, and FHA refinancing options.
Some of the other benefits of FHA financing:
- Smaller down payment is required
- Closing costs can be financed
- Lower monthly mortgage insurance premiums
- More flexible underwriting criteria than conventional loans
- Easier to use gifts for a down payment or closing costs
- No prepayment penalties
Why Choose Us for Your FHA Loan?
- Low rates
- 36+ lenders to choose from
- Fast closings
- Super service
As a loan broker Springwater Capital has access to loan programs from about 40 lenders. Instead of having loyalty to one company or program, we are committed to finding the best program for your needs.
After getting some basic information from you, we can use our sophisticated software, Loan Pro 360™, to find the best rates among all of our lenders instantly!
You won't pay extra fees for using our services. Our fees will paid out of your closing costs and are comparable to the closing costs you will pay regardless of who does your loan. Often we can save you money by getting you the best loan program and rate for your unique situation. We only receive money for your our services if you decide to close and fund your loan with us. (Third party fees, such as appraisal and credit report, may be payable regardless of loan closing.)
For no cost or long term commitment, we can provide these services to you:
- Give you a current rate quote
- Help you to determine which type of loan will be best for your situation
- Give you information on how much you can borrow
- Get you prequalified or preapproved for a loan
For a free, no-obligation consultation, please call (206) 331-8542
Note: Rates and loan conditions are subject to change and will vary over time.
Springwater Capital, LLC, 345 W 600 S Suite 104, Heber City, UT 84032
Equal Housing Opportunity