Since 1934, FHA loans have helped millions of homebuyers become homeowners. Insured by

the Federal Housing Administration (FHA), these loans typically have lower down payments

and more flexible credit requirements than non-government-backed loans.

Cornerstone Home Lending, Inc. | 14635 N. Kierland Blvd., #140 | Scottsdale, AZ 85254 | AZ BK 0908763 | Branch NMLS 1655517 | Company NMLS 2258 | CA RMLA 41DBO-77648 | Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. *Requires DU-Approve/Eligible and maximum 43-percent debt-to-income (DTI) ratio. Not all borrowers with a 600 credit score will qualify. Not a commitment to lend. Borrower must meet qualification criteria. Equal Housing Opportunity. Cornerstone Home Lending, Inc. is not affiliated with the U.S. government.

FHA Highlights• Minimum 3.5 percent down payment required

• Down payment may be a gift from a relative, close friend,

or state/local government agency

• Minimum 620 credit score required; as low as 600 score allowed

for some borrowers*

• Borrower may have a non-occupant co-borrower (like a parent)

• Seller may cover up to 6 percent in closing costs

• Two types of mortgage insurance (MI) required

Upfront MI - paid when the borrower gets the loan

Annual MI - paid monthly as part of the mortgage payment

• Available only for financing a primary residence

WANT TO LEARN MORE? CONTACT ME TODAY!

GINA CHAVEZ | Licensed Mortgage Professional Licensed Mortgage Professional NMLS 203308Direct: 602.505.2688 | gchavez@houseloan.com

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