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FHA Home Loans in El Paso, TX FHA loans provide an excellent opportunity to buy a home in El Paso, TX. The FHA (federal housing administration) was created to give the average American a chance at owning their own home. FHA loans provide home financing to many that might not otherwise qualify for a conventional mortgage.
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Shopping For Mortgage Lenders in El Paso The process of buying a home can be one of the most exciting times in someone’s life. It is the beginning of a new stage in life, whether it is buying your first home to raise a family in or buying your retirement home to enjoy your retirement..
Comparing a conventional vs FHA loans could be confusing at first glance. Knowing the difference between the two is important. Here’s an outline of both loan programs so you can determine which loan suits your needs the best and make an educated decision. Call us at (866) 772-3802 for details.
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El Paso, TX, April 02, 2015 –(PR.com)– GSF Mortgage is pleased. Upon graduation, he went to work in the financial industry originating personal and home equity loans. Garcia is very involved in.
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A conventional loan is any loan that conforms to GSE guidelines. They can either be a conforming or non-conforming and are not guaranteed by the federal government but still follow the same guidelines. Not sure which type of loan is best suited for your needs? Call us at (866) 772-3802 for more information.
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An FHA loan in El Paso is a great option for those who are first time home buyers and those who are low to moderate income borrowers. An FHA loan borrower can borrow up to 96.5% of the value of the home, meaning that only 3.5% of the value is required as a down payment (which is much lower in comparison to other lender’s requirements).