FHA Home Mortgage Loans

FHA loans, AKA Federal Housing Administration (FHA) mortgages, are a good option for first-time buyers and those with lower credit scores or limited funds for a down payment. FHA insures these loans, so mortgage insurance is required.

FHA loans can be used to purchase a variety of properties, including single-family homes, manufactured homes, townhomes and condos. FHA loans can also be used for home improvement projects, as well as for refinancing existing mortgages.

FHA loans can be a good option for many people but they are not the best choice for everyone. Conventional loans offer higher loan limits and PMI is not always required.

 FHA Home Loan Requirements:

  • Maximum loan amounts are:  NEVADA: Clark County- $472,030. Email me for your county limit.
  • Credit scores as low as 620 are OK with 3.5% down.
  • Non-traditional credit is acceptable (utilities, insurance, cell, ect.)
  • Seller can pay your closing costs
  • Non-occupant, co-borrower (i.e. co-signer) is permitted.
  • Up to 55% debt-to-income ratio is allowed.
  • No prepayment penalties.
  • FHA Renovation/Fixer-Upper loans are available.
  • Non-credit qualifying, streamline refinances.
  • Versatility: may be used to purchase or refinance a new or existing one to four-family home in urban and rural areas, including manufactured homes on permanent foundation
  • No Point loans are available
  • Ask about my Funding Guarantee. If your qualified loan does not fund because of financing qualification issues, I will personally pay the seller $1000. This will get your offers accepted over others. In this sellers market, I will work side by side with your Realtor to make your offer stands out, so you get your house!

Contact me and ask me ANYTHING about Real Estate and loans.

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dan pink

Dan Sherbondy
Senior Loan Officer
All Western Mortgage
(established in 1981)
“Dan The Loan Man”
702-326-7469 talk/text every day

Equal Housing Opportunity

Dan’s Licensing: NV MLD 45649, CO-100516554  CA-DFPI313289 NMLS 313289
All Western Mortgage, 8345 W Sunset Rd #380 Las Vegas, NV 89113
702-326-7469- TALK OR TEXT | | 702.369.0905 – Switchboard (Ask for Dan)

Company NMLS# 14210, NV Division of Mortgage Lending Lic# 204, CA Dept of Corporations Lic# 603F053, CA Dept of Real Estate Lic# 01893025, CO Division of Real Estate.