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Making Homeownership Easier for First-Time Buyers
At Freedom Choice Lending, we believe you’re closer than you think to owning a home. Our FHA Loan Programs are built to help first-time buyers, growing families, and anyone who needs a flexible path to homeownership — even if your credit isn’t perfect or you’re working with a smaller down payment.
What Is an FHA Loan?
An FHA loan is a mortgage insured by the Federal Housing Administration (FHA) — part of the U.S. Department of Housing and Urban Development (HUD). These loans are designed to make homeownership possible for more Americans by offering:
- Low down payments (as little as 3.5%)
- Flexible credit requirements (scores as low as 580 may qualify)
- Competitive fixed rates
- Gift funds and down payment assistance programs allowed
Because FHA loans are backed by the government, lenders like Freedom Choice Lending can offer buyers more lenient qualifying guidelines than most conventional loans.
Why Choose an FHA Loan?
✅ Easier Qualification – Ideal for buyers with limited or less-than-perfect credit.
✅ Higher Debt Flexibility – FHA allows higher debt-to-income (DTI) ratios compared to conventional loans.
✅ Assumable Loans – Your loan can be transferred to a qualified buyer if you sell in the future, potentially giving your home a market advantage.
✅ Refinance Options – FHA streamline refinances make lowering your rate or payment easier and faster.
Who Are FHA Loans Best For?
FHA loans are a great fit if you:
Want the stability of a fixed-rate mortgage with predictable payments.
Are a first-time homebuyer looking for an affordable entry point.
Have a credit score between 580–680 and want a fair chance to qualify.
Have limited savings for a large down payment.
Are using gift funds or down payment assistance to buy your home.
📊 FHA Loan Example
| Example Scenario | Details |
|---|---|
| Home Price | $500,000 |
| Down Payment (3.5%) | $17,500 |
| Loan Amount | $482,500 |
| Interest Rate | 6.25% (30-Year Fixed) |
| Estimated Monthly Payment | $3,473 (includes taxes, insurance, & mortgage insurance) |
| Minimum Credit Score | 580 |
| Estimated Cash to Close | $20,000 (after credits or assistance) |
(For educational purposes only. Rates and terms subject to change and borrower eligibility.)
🎯 Benefits of Working with Freedom Choice Lending
When you work with Freedom Choice Lending, you’re not just getting a loan — you’re getting a strategic partner who helps you build wealth through homeownership.
Here’s what sets us apart:
- 🔑 VIP Buyer Credit: Up to $5,000 toward closing costs for qualified buyers.
- 💬 Personalized Strategy Session: We’ll design a plan to get you pre-approved and competitive in today’s market.
- ⚙️ Access to Down Payment Assistance Programs: Combine your FHA loan with local or statewide grants to reduce your out-of-pocket cost.
- 🧠 Expert Guidance: Our team has helped thousands of first-time buyers qualify when others said no.
🪜 Your Next Steps
- Get Pre-Approved – Find out exactly how much home you can afford.
- Explore Down Payment Assistance – We’ll help match you with programs that reduce your upfront costs.
- Start Shopping – Our partner agents can help you find homes that fit your budget and goals.
📞 Call Freedom Choice Lending today at (888) 777-9950
or
💻 Apply online at FreedomChoiceLending.com/apply
| Requirement | Minimum Standard |
|---|---|
| Credit Score | 580 (for 3.5% down) |
| Down Payment | 3.5% minimum |
| DTI Ratio | Up to 57% (varies by lender) |
| Property Type | 1–4 unit owner-occupied homes |
| Mortgage Insurance | Required (MIP upfront + monthly) |
Freedom Choice Lending Promise
“Our mission is to help every buyer move from dreaming to owning — one key at a time.”
— David Delgado, Founder & CEO, Freedom Choice Lending
👉 Call Freedom Choice Lending at (866) 587-6967
or
👉 Apply online at FreedomChoiceLending.com