FHA, streamline, refinance, IN mortgage, fishers, indianapolis, refinance, mortgage refinance, home refinance, home loan, mortgage rates, refinance rates, home loan rates Government loan programs - Dilger Financial Group, Alabama, California, Connecticut, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Wisconsin, and Wyoming.

FHA loans

We offer FHA mortgages in Indiana, Alabama, California, Connecticut, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Wisconsin, and Wyoming.

FHA Loans -203(b), 203(k)

Dilger Financial Group is approved by HUD to do FHA loans. FHA allows borrowers to put down as little as 3.5% and accepts lower credit scores. FHA mortgage loans can be done with a gift or down payment assistance so the borrower is not required to put any money down.

FHA 203(k) is a rehab program which allows you to purchase a home in need of repairs or renovation, and finance the cost of the improvements into the loan. The FHA 203(k) allows for major renovations including structural changes. The FHA 203(k) Streamline is for repairs of $35,000 or less, and no structural changes. Call us for more information on these programs.

FHA Streamline refinancing available - no appraisal required

An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders protection through mortgage insurance (MIP) in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans.

FHA loan programs are particularly beneficial to those buyers with less available cash. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.

Some of the other benefits of FHA financing:

Only a 3 percent down payment is required.
Closing costs can be financed.
Lower monthly mortgage insurance premiums and, under certain conditions, automatic cancellation of the premium.
More flexible underwriting criteria than conventional loans
FHA limits the amount lenders can charge for some closing cost fees (e.g. the origination fee can be no more than 1% of mortgage).
Loans are assumable to qualified buyers.

We do FHA loans throughout the state of Indiana, including Indianapolis, Carmel, Fishers, Westfield, Zionsville, Noblesville, Broad Ripple, Downtown, Bloomington, Geist, McCordsville, Morse, and more.

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