Century Capital Group, Inc.

(612) 747-9923

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    • Home
    • Interest Rates
    • FHA
    • Investment Properties
    • Apply Now
Century Capital Group, Inc.

(612) 747-9923

  • Home
  • Interest Rates
  • FHA
  • Investment Properties
  • Apply Now

FHA

FHA Loans 203(b)

What is the purpose of this program?

To provide mortgage insurance for a person to purchase or refinance a principal residence. The mortgage loan is funded by a lending institution, such as a mortgage company, bank, savings and loan association and the mortgage is insured by HUD.

What are the eligibility requirements?

  • The borrower must meet standard FHA credit qualifications.
  • The borrower is eligible for approximately 96.5% financing. The borrower is able to finance the upfront mortgage insurance premium into the mortgage. The borrower will also be responsible for paying an annual premium.
  • Eligible properties are one-to-four unit structures.
  • Credit score for 3.5% down is 580 or higher. 

Click Below To Contact Us For More Information

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Terms and conditions apply.  Not all persons will qualify.  Rates subject to change at any time.  

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