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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FHA Streamline Refinance
If you are currently paying more than 7.0% on your FHA Home Mortgage, Frontier Mortgage recommends that you consider refinancing to a lower rate and/or shorter term. These loans are sometimes referred to as a "No Cashout" or "Streamline" refinance.
REDUCED CLOSING COSTS
MORTGAGE CREDIT ONLY REQUIRED FOR PAST 12 MONTHS
NO APPRAISAL REQUIRED
203k (Rehab) Loans
The FHA 203(k) loan offers flexible qualifying and low down payments making it an ideal tool for neighborhood revitalization. The program offers borrowers the resources to rehabilitate a home that may be in need of repair, whether it be a home they currently live in, or a fixer-upper opportunity. One single loan covers both the purchase and the cost of renovating the home.
Made available to certain lenders by the U.S. Department of Housing and Urban Development (HUD), the FHA 203(k) program has already provided many buyers with the funds necessary to buy their first home, or greatly improve a move-up home.
The FHA 203(k) loan is available to: borrowers of all income levels; to homeowners who plan to occupy the home; and for properties with one to four units.
Upfront mortgage insurance waived
Purchase or Refinance and Improve all in one loan
Finance up to 6 months of mortgage payments
Assumable loans
Flexible credit qualifying
FHA downpayment (3%)
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.
FHA loans have relaxed credit standards, income levels, and asset requirements. 
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