Corridor mortgage Group Mortgage group offering Home loans, Refinancing, New Construction Loans, Commercial Real Estate Loans, Home Equity Lines of Credit, Real Estate Construction, Serving Maryland, Virginia, Washington, DC, Columbia, Ellicott CityHome

Licensed to grant mortgages in MD. VA. DC. DE.

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Types of Loans - FHA

FHA Loans

We specialize in working with clients eligible for FHA loans.

FHA's mortgage insurance programs have helped millions of low to moderate income families become homeowners by lowering some of the borrowers' closing costs and down payment.

In addition, the qualifying guidelines for FHA Loans are more relaxed than those of conventional loans.

Here are some of the important features of FHA Loans:

Lower down payment requirements - as low as 2.25% as compared to 5-10% or more for conventional loans
Some closing costs can be financed - less out-of-pocket expense at the settlement table
Some fees are limited - again, less out-of-pocket expense
Higher debt-to-income ratios are allowed
More generous underwriting guidelines

Here are the FHA programs we offer:

30-year fixed
5-year fixed
2/1 buy down
1-year ARM

To find out more about FHA loans, or to see if a FHA loan is right for you, Contact Us.

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