FHA Mortgage Loans in Vermont

Mansfield Mortgage is your local expert on FHA loans in Vermont. FHA loans can be utilized for a variety of mortgage-related investments such as buying your first home, reverse mortgages, energy-efficient based home improvements and purchasing mobile homes or factory-built homes. Contact Mansfield Mortgage to learn more and apply for an FHA mortgage loan!

FHA LOANS HAVE ASSISTED HOMEBUYERS SINCE 1934

How do FHA loans help? Since these loans are insured by the U.S. Federal Housing Administration (FHA), part of the U.S. Department of Housing and Urban Development (HUD), mortgage lenders can offer these loans at an improved rate.

• Decreased Closing Costs
• Simplified Credit Qualification
• Up to a 6% seller concession allowed
• Non Occupant cosigners are able to be added

HOW TO UTILIZE FHA LOANS

First-Time Homebuyers

With just 3.5% of the purchase price needed for a down payment, FHA loans are perfect for first-time homebuyers. FHA home loans are available for use on properties with one to four units.

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Financial Assistance for Senior Citizens

If you are 62 years of age or older, live in your own home and own your home outright or have a small balance  on your home an FHA reverse mortgage (HECM)  loan may be perfect for you. FHA reverse mortgages allow you to receive cash at closing and also  establish a line of credit to draw from  in the from without needing to make any monthly payments. Call for more details.

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Double Wide Mobile homes and Manufactured/Modular Homes

FHA loans can be utilized to finance both double wide mobile homes and modular homes. Both of these homes would need to be located on owned land. We can not finance homes in a mobile home park.

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