FHA Loans

Purchase a Home with an FHA Loan

FHA was created in the 1934 by the US government to help people buy housing. Back then, banks and saving associations would require at least 20% down. FHA insures lenders against loss and provides low down payment and other advantages. When deciding upon the best loan for your circumstances, it's crucial that meticulous attention is paid to every detail. We take the time to meet with you personally and go over all the options associated with FHA loans. The highly experienced loan experts at Oak Street Financial, Inc. understand the loan market and know the right course of action for you.

As we work with you, we plot a course of action that guides you through the process and steers you in the direction of home ownership. We realize that a loan application can sometimes be a daunting procedure for people who are unfamiliar with it, so our goal is to provide all the information you need.

Why using an FHA Loan is Best Option

Federal Housing Authority insured loans are still the best way for buyers to acquire a home with a modest down payment. Oak Street Financial, Inc. can broker loans to a variety of FHA licensed lenders. Our consultation with you lays out the primary differences between FHA loans and conventional loans. It provides a relaxed forum for you to get all the information you need so that your approval process moves along as quickly as possible.

If you’ve ever felt that owning your own home was outside of your grasp, take heart as FHA loans are accessible -- they were made for people such as yourself. Feel free to work with our loan experts and secure your dream home. Make an appointment with us and learn how our firm can help you quickly and easily.
  • Features of FHA are:
    • Low down payment – 3.5% of the purchase price.
    • Family members may gift the funds for down payment and closing costs
    • Low rates – same as conventional – usually better.
    • Credit flexibility - FHA lenders generally allow lower credit scores and flexibility with respect to history.
    • NOT just for first time homebuyers.
    • Refinance to 97.75% of appraised value
    • Adjustable rates available with benign features.
Pre-qualify with us. We will advise you about credit issues and perhaps how to enhance your score. You will be confident that you can afford a house at a certain purchase price level. Realtors will be comfortable showing homes to you that are in your price range.

Get qualified for an FHA loan for when purchasing a home. 
Receive a free consultation when you contact us at (904) 381-1199 in Jacksonville, Florida, today.

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