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For aspiring homebuyers, the challenge of saving up for a down payment can often seem insurmountable. However, Streamline Home Loans has a solution that can make the dream of homeownership a reality. Our FHA Fast 100 program offers 100% financing, allowing you to secure the funding you need to purchase your dream home. Let's explore the highlights of this program and how it can help you achieve your goal of owning a home.
Access to 100% Financing
The FHA Fast 100 program from Streamline Home Loans is a game-changer for homebuyers who struggle with saving for a down payment. This program allows you to finance up to 100% of your home's value, eliminating the need for a traditional down payment. With this assistance, you can break free from the barrier of a substantial upfront payment and focus on finding the perfect home for you and your family.
Flexible Eligibility Criteria
Streamline Home Loans understands that every borrower's financial situation is unique. With our FHA Fast 100 program, we offer flexibility in eligibility requirements to accommodate a wider range of homebuyers. The minimum FICO score of 600 ensures that individuals with varying credit histories have an opportunity to qualify for the program. There is also no first-time homebuyer requirement, allowing both first-time and repeat buyers to take advantage of this financing option. Additionally, our program allows non-occupied co-borrowers as per FHA guidelines, providing you with the flexibility to involve a family member or trusted individual in the homebuying process. This option can be particularly helpful in meeting income and credit requirements, increasing your chances of approval.
The FHA Fast 100 program offers loan amounts up to conforming limits, making it suitable for a range of housing needs. With a maximum loan-to-value (LTV) ratio of 96.5%, the program provides a practical financing solution. Additionally, the 3.5% Down Payment Assistance further eases the financial burden, enabling you to secure 100% financing for your home purchase.
Comprehensive Education and Counseling
Streamline Home Loans is committed to ensuring that borrowers have a thorough understanding of their loan and homeowner responsibilities. As part of the FHA Fast 100 program, one borrower must complete HUD-approved counseling. This counseling equips you with the knowledge and tools necessary to make informed decisions, navigate the homebuying process, and fulfill your obligations as a homeowner.
Final Thoughts
Streamline Home Loans' FHA Fast 100 program is a lifeline for homebuyers who struggle with saving for a down payment. With 100% financing, flexible eligibility criteria, the option of co-borrowers, comprehensive education, and reasonable loan terms, this program can help you turn your homeownership dreams into reality. Don't let the barrier of a down payment hold you back any longer. Explore the FHA Fast 100 program from Streamline Home Loans and take the first step towards owning the home you've always wanted.
About Streamline Home Loans
We Streamline the Process. From loan products to loan professionals, Streamline Home Loans actively seeks out the best in the industry to help our customers find, and fund, the right mortgage for them. Streamline's model is designed to raise the bar on efficiency, relationships, and integrity. We specialize in product variety, experienced teams, sophisticated software, and quick closings. We currently have multiple locations in NV, with licensing in AZ, CA, CO, FL, GA, NM, SC, and TX. Corporate NMLS# 1810048. Corporate headquarters in Las Vegas, NV.
For more information about Streamline Home Loans, visit us online at streamlinehl.com or call (877) 405-3747.