FHA Loan - Enterprise Bank
FHA Loan
An Affordable & Flexible Loan Program
Your dream of owning a home can become a reality with an FHA Loan. An FHA Loan is a mortgage that's insured by the Federal Housing Administration. Whether you're a first-time home buyer, moving to a new home, or want to refinance, the FHA Loan program will help you finance a home with lower down payment requirements and more flexible credit guidelines. This flexible loan program lets you opt for a fixed-rate term or a 5-year adjustable-rate mortgage (ARM). Mortgage insurance is required with this program.
The Mortgage Center at Enterprise Bank
Mortgage
FHA Loan Programs
Features:
? As little as a 3.5% down payment for 1- and 2-family
homes and approved condominiums*
? 15- to 30-year fixed-rate or 5-year adjustable-rate
terms (ARM)
? Available for purchase and refinance loans ? No maximum income limits
Benefits:
? Allows up to 100% gift or grant funds for down payment
and closing costs
? Borrowers with limited equity have an opportunity
to refinance
? Less cash required up front for down payment and
closing costs
? Less than perfect credit scores may qualify ? A co-applicant not residing in the home may help
you qualify
? Low interest rates
Subject to credit approval. * Down payment amount requirements vary based on borrower qualifications.
The Mortgage Center at Enterprise Bank
978-656-5653 | 877-671-2265 Apply online at
Mortgage
ENT-MKT 42g 11/15
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