FHA Home Loans

The Federal Housing Administration (FHA) has been helping people become homeowners since 1934. FHA – which is part of HUD – insures the loan and below are the details:

  • Maximum loan amount for an FHA loan is $294,515, so your maximum purchase price with a 3.5% down payment is $305,000.
  • Credit scores as low as 580 are OK with 3.5% down. 550 – 579 scores require 10% 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.
  • Fully assumable.
  • 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 with no obligation.

702-326-7469 – talk/text     Email: DSherbondy@AllWestern.com

Dan Sherbondy
Senior Loan Officer
All Western Mortgage
(established in 1981)
“Dan The Loan Man”
702-326-7469 talk/text
efax: 702-583-7467
DSherbondy@AllWestern.com

Equal Housing Opportunity

Dan’s Licensing: NV MLD 45649, CA-DBO313289, NMLS 313289
All Western Mortgage, 8345 W Sunset Rd Ste 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, Arizona Lic# 0923280, Licensed by the CA Dept of Corporations Lic# 603F053, CA Dept of Real Estate Lic# 01893025, CO Division of Real Estate, Florida Lic# MLD895, NM Financial Institutions Division Lic# 03619, UT Division of Real Estate Lic# 7776975,
OR Dept of Consumer & Business Services Lic# ML-4924, TX Dept of Savings and Mortgage Lending – Consumer Notice, WA State Dept of Financial Institutions Lic# CL-14210.