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What you need to know about FHA loans?

Did you know that you can qualify for a home loan even if your credit score hangs out in the 500 range?

Purpose Funding can help you with FHA home loans! Acquire your home with little to nothing down, or use our FHA Loan to cash out for debt consolidation and home improvements. You could also drop your payments with no appraisal or income qualifications. No closing costs and nothing added to your loan!

Here are some helpful tips to keep in mind-

  1. Know your credit score – It is important to know your score in this process to determine where you stand.
  2. Get your closing costs covered – With Purpose Funding there is no need to worry about closing costs. We got you covered!
  3. Purpose Funding is FHA Approved – Did you know FHA is not a lender, but rather an insurer, borrowers need to get their loan through an FHA-approved lender. We are FHA approved!
  4. Borrow cash for repairs – Need extra cash to make repairs on your home? Use the FHA Loan to cash out for home improvements.
  5. Give us a call! – Learn more about FHA loans and how Purpose Funding can help you. Give us a call toll free at (844) 427-3863