FHA Home Mortgage Loans in Albuquerque, NM
Federal Housing Administration (FHA) loans have more agreeable terms for first-time home buyers and home buyers with less than perfect credit scores. The loan officers at Infiniti Mortgage, LLC can determine if you qualify for an FHA loan and help you understand your options and make the right choice for your family.
Visit any of our FHA Loan pages to learn more about FHA Loans.
FHA Loan Limits
FHA loan limits can vary, depending on where your home is located and what type of property you will be occupying. You can find the FHA loan limit for your New Mexico home is by visiting the FHA website.
About FHA Mortgage Loans
FHA mortgage loans offer low monthly payments for first-time home buyers or for those with less than perfect credit scores. Additional benefits of FHA mortgage loans include:
- Fixed- or adjustable-rate mortgages
- Down payment and closing costs can be met with the use of 100% gift funds
- No pre-payment penalties
- Flexible qualification guidelines
With Infiniti Mortgage, LLC, you can secure an FHA loan and move into your new home within 30 days of a face-to-face pre-qualifying meeting with a loan officer.
FHA Loan Requirements
FHA loan requirements will be discussed during your initial meeting. In order to qualify for an FHA mortgage loan, you are required to have:
- At least a 3.5% down payment
- A credit score above 620
- At least two years of employment
The experienced loan officers at Infiniti Mortgage, LLC have an average of 15 years experience pre-qualifying clients for home loans. They can examine your credit history, financial situation and employment history to determine whether or not you meet FHA loan requirements. Contact Infiniti Mortgage, LLC today to have a pre-qualification meeting with a loan officer.