Community Lending Group Helps People Purchase Homes with FHA loans

Posted September 15, 2017 by Tim_Strouth

Community Lending Group makes the home buying process easy for Utah individuals. It offers Federal Housing Administration (FHA) loans.

[b][Riverton, 09/15/2017][/b] – Home buying is a challenging process. Community Lending Group aims to make it easier for people who want to purchase a house. As such, its team of qualified and experience mortgage professional offers Federal Housing Administration (FHA) loans to Utah locals.

[b]FHA Loans Offer Lower Rates than Conventional Loans[/b]

FHA loans are federally insured loans with a lower rate than conventional loans. Thus, it is one of the most popular refinance programs for people who want to purchase a home.

The guidelines for FHA loans may be more manageable especially for loan applicants who have had credit problems in the past. They may find it easier to qualify for this type of loan than for other loan programs.

[b]FHA Loans Have Multiple Benefits[/b]

FHA loans have multiple benefits, says Community Lending Group.

First, an FHA loan requires only a 3.5 percent down payment for individuals with a credit score of at least 580. On the other hand, those with a credit score of 500 require a 10 percent down payment. Either way, the down payment may come from a family member.

Furthermore, an FHA loan has up to 55 percent debt-to-income ratio. But of course, the home must have been an owner-occupied property beforehand.

Community Lending Group wants clients to make the best financial decisions. As such, its team of mortgage professionals offers the right education and the most suitable programs for each one of its customers. It makes purchasing homes easy for Utah locals.

[b]About Community Lending Group[/b]

Community Lending Group is a local lending group in Utah. It has helped make home buying and refinancing processes easier for its clients since October 2004.

Trust, integrity, and honesty are important in a mortgage company; Community Lending Group’s team of mortgage professionals operates under these concepts. The team treats clients with the respect they deserve, offering the most beneficial programs and educating them on the most appropriate decisions.

The company always provides a high level of service which keeps clients coming back for their future mortgage needs.

To find out more about refinancing in Utah, please visit [b][/b].
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Issued By Tim Strouth
Country United States
Categories Finance
Tags fh aloans , finance , housing funds
Last Updated September 15, 2017