FHA Home Loans

When buying or refinancing, FHA loans can be a good choice, for a variety of reasons. To find out if an FHA loans is right for you, fill out our quick form today.

And, FHA loan limits have been raised across the U.S. In some cases, the amount have almost doubled. Contact one of our Mortgage Specialists today to learn what the limits are in your area.

Why FHA Refinance?

  • With an FHA refinance, you could refinance up to 97.75% of your home’s value.
  • With an FHA cash out program, you can take up to 85% of your home’s value to use however you please.
  • FHA refinance loans offer more lenient credit qualifications for people with lower credit scores or who lack a traditional credit history.
  • You can apply financial gifts from friends and family toward closing costs.
  • You can qualify based on a higher debt ratio (compared to a conventional loan). What does that mean?
  • You may be eligible, even if you’ve have a bankruptcy in the past.

Why FHA Purchase?

  • Down payments as low as 3.5% of the home price.
  • Sellers can make a contribution, also known as a concession.

Why FHA Streamline?

  • If you’re currently in an FHA loan, you might qualify for this type of loan.
  • An FHA Streamline can offer more flexibility that a traditional refinance because it typically requires less paperwork, no new appraisal and has flexible credit requirements.

Why a USDA Home Loan?

  • This mortgage is offered to homeowners in rural areas and is government-backed.

Because every borrower is different, we do not post FHA mortgage rates on our site. Your mortgage rate will depend on a variety of factors. Contact one of our Mortgage Specialists to learn more.

 

The Paramount Pledge™ – Triple Protection

The Paramount Pledge. It is our promise to you that we’ll provide the best rates, won’t charge you an application fee to lock in a rate and will ensure we can close and lock in a rate at the terms we provide.

No Application Fee – Other lenders charge hundreds of dollars to start the loan process with you. Paramount Equity Mortgage® will never ask you to pay an application fee just to lock in your rate.
Better Rate Warranty – After you complete a loan with us, we will cover most of the cost to refinance or purchase within the next seven years, for any reason.
Set & Secure Closing Guarantee™* – Once we receive all required borrower information, your signed disclosure and lock your loan, we guarantee we can close your loan at the rate and terms we provided. If we can’t, we will pay you $500.
* The Set & Secure Closing Guarantee is not valid in the event that there is an unforeseen change such as, an appraisal coming in under value, undisclosed debt at the time the loan was pre-qualified, a change in income due to loss of job or change in employment, etc. This guarantee is also not valid in the event that you withdraw your application or request a change to the terms of your loan. A change in terms would consist of, but is not limited to, a change in loan amount, fixed vs. adjustable rate, number of years the loan is amortized, adding/removing a borrower, etc.