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   >> FHA Loans 

FHA Loans allow home purchases with as little as a 3% down payment. In many cases the down payment can come from a gift by a friend, relative or co-worker. There are no income limits on FHA loans. You can even use a non-occupant co-borrower (such as a parent) to help you qualify.

FHA loans have relaxed credit standards, income levels, and asset requirements.

Frontier Mortgage Corporation is an FHA approved lender.
This means there are no secondary approvals or hoops to go through, saving you both time and money.

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203(b)

Section 203(b) of the National Housing Act is the basic FHA program that assists homebuyers of a one to four family residences by providing mortgage insurance to HUD/FHA approved lenders.  The borrower does not apply directly to HUD/FHA for this insurance, but applies through an approved mortgagee such as Frontier Mortgage Corp. for the loan. Frontier Mortgage will submit the application (1003) documents to HUD/FHA for insurance.  Section 203(b) offers a fixed rate, fully assumable mortgage with qualification and a low down payment.






 
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