Should you want more information ... or to just discuss what options lie before you, please feel free to contact me. I'll be glad to help. Best of luck to you, no matter your final decision ...
Quality Mortgage Lending
*We do Conventional loans down to a 620 score
*We do FHA loans down to a 580 score
*We do USDA loans down to a 620 score (no money down)
*We do $100 down payment FHA program
*Unlimited Loan To Value refinances on Fannie/Freddie refinances (only on loans originated before May 31st 2009
*We do VA loans down to a 620 score
*We give free counseling on what needs to be done to improve your credit score.
*We do 203k loans down to a 620 score
*We do reverse mortgages
*We do JUMBO loans to 12 million
@Gene is 1000% correct in his comment (thumbs up). i have known Gene for a couple years via the blogoshere and I don't believe there is a more knowledgeable and ethical mortgage professional in ChiTown (yes, I know your beautiful city well). My suggestion is that you contact Gene....have an initial conversation about your goals and aspirations....let Gene explain what you can, and cannot do, in the lending process....then evaluate if an FHA loan is the prefect loan for you. In short, it is always best to keep the horse in front of the cart. Best to you!
1st of all can you say why you believe you need an FHA Loan. Many people believe this is the only loan available with a low down payment. That is no longer true. An FHA loan would be important for someone who might have a low credit score. An FHA loan would allow for the entire down payment to come from a relative. Construction money to fix up a new purchase can be included in several types of FHA loans (and others too).
If you are needing an FHA loan specifically you will want to work with FHA specialists. I have 2 I refer regularly. Well Fargo is one of the top performers in this area. I use James Huffer or Rick Lapins. Best way to contact them is at 773-274-4115. Fifth Third bank is the other. Call Diane Faulk at (847) 800-4867.
Please tell them I recommended you to them.
Of course you need an agent as well. Depending on which area you are searching I, or one of my associates, can help. Our agents cover a very wide area. Contact me and we can discuss your needs.
Deb Russcol, GRI
The Realtor Who Listens to Your Needs
You can get an FHA loan with most banks or local lenders.
The best thing is simply to make some calls to some lenders to get some options for you.
I would start by calling the suggestions given from the answers from your question first.
If you compare the lenders you will find one that seems the most compatible to you and your needs.
Good luck in your home purchase...
Senior Loan Originator
Midwest Equity Mortgage
Definitely work with an expert in FHA Financing. Many say they offer it, but have no idea how to structure and close the loan. I'm the expert in this field. With over 6 years experience in FHA lending, I will walk you through the entire process.
Call me today!
Senior Vice President -FHA/VA/IHDA/HOMEPATH Specialist
ChicagoBancorp | 300 N. Elizabeth St 3E |Chicago,IL 60607
Office: 312.738.8430 | SecureE-Fax: 312.628.8311
Bill J Deligiannis
First Centennial Mortgage