Wouldn’t it be amazing if you could move into a new home with just 3.5% down? With a government-backed FHA loan in Indianapolis, it is possible. FHA loans are aimed mostly at first-time homebuyers in Indianapolis, but they can be used by repeat homebuyers as well, so long as the qualifications are met.
An FHA loan is insured by the Federal Housing Administration (FHA). This makes them less risky for lenders. As a result, the loans tend to have lower interest rates and friendly terms.
With an FHA loan in Indianapolis, buyers can enjoy the following benefits:
Both fixed and adjustable rate FHA loans are available. With multiple loan terms offered, you can choose a payment schedule which works for your financial needs.
You can use an FHA loan to:
We partner with our clients, walking shoulder to shoulder with them through the financial maze that mortgage lending has become.
In conjunction with FHA loans, we offer a couple of special programs to help reduce your interest rates and overall loan costs while offering you the most favorable terms available:
Remember, you do not need to be a first-time homebuyer to qualify for an FHA loan. You do need to meet the following eligibility requirements:
Many first-time homebuyers are not aware of the existence of FHA loans, and many repeat buyers have no idea that they might qualify. Those who do can save a lot of money on home purchase, construction, renovation or refinancing.
If you are not sure whether you qualify for an Indianapolis FHA loan, Grandview Lending can help you determine your eligibility. If you qualify, we will help you apply. If you do not, we will find you another affordable Indianapolis home loan program which is a fit for your needs.
We are a local family-owned company, and there is nothing we take more pride in than helping local individuals and families move into their new homes quickly and affordably.
We are paid by the lender, which means we do not charge points upfront. We are available every day of the week (including weekends) to work with you.
Amid global concern about COVID-19, we will continue to be here for our customers.
As people and companies all across the country take additional preparations to protect against the Coronavirus (COVID-19), we acknowledge that your mortgage concerns will likely not be taking a break. At this time, we will remain open full-time and will continue to service our customers with the same fast response times you’ve come to expect from us.
Due to the increasing number of reported cases in the U.S., we are continuously monitoring the situation. We will also continue to actively assess the necessary actions we need to take in order to ensure the health and safety of our customers, employees, and their families. We hope that you will join us in taking some basic and important measures, such as frequent hand washing, to keep communal risk low.