FHA Home Loan Rates Are Hot!If you are looking to purchase a home, there may be no better time! The rates for FHA 30 year fixed loans are on fire. Here are some benefits of the FHA Home Loan Program* Not a First Time Home Buyer program: You can get an FHA loan even if you have previously owned a home* As little as 3.5% down payment needed (all of the down payment can be gifted)* Up to 6% of the sales price can be paid by seller for closing costs (all closing costs or up to 6%, whichever is lower - seller and buyer negotiated. Paying closing costs is not required by seller)* No Income Restrictions* Owner Occupied Homes* Non Owner Occupied Co-Borrowers allowed: Other relatives can co-sign without living in the home and their income is combined with yours* Single Family Residence, Town Homes and FHA approved Condos* Allows you to borrow from a retirement account for down payment (401k, IRA)* Allows you to withdraw funds from an IRA (up to $10,000 lifetime) without penalty-consult with your Tax Professional for more information.* Up to 55% Debt To Income Ratios allowed* No point loans and 'little or no out of pocket fee' loans available. * No pest report or home inspection required- although always recommended prior to purchase. An FHA appraisal report is required.* House payment may be less expensive than renting!Please call me to review your loan scenario. There is NO cost or obligation to see if you qualify and for how much. Roger FarahMission Hills MortgageSanta Rosa, CA(707) 303-2914Footnotes: This is not a commitment to lend. Rates can change without notice. FDIC. Equal Opportunity Lender