New Horizon can save you money by shopping your loan for you. Allow us to compare costs/interest rates, pre-qualify your loan
and negotiate to get you a better deal. Let us show you new FHA loan programs that offer lower down payments and are also a good option for first-time
homebuyers.
FHA loans have been helping people become homeowners since 1934. How do we do it? The Federal Housing
Administration (FHA) – which is part of HUD – insures the loan so that your lender can offer you a better deal.
What does FHA have for you?
Buying your first home?
FHA might be just what you need. Your down payment can be as low as 3.5% of the purchase price and most of your
closing costs and fees can be included in the loan. Available on 1-4 unit properties.
Want a fixer-upper?
FHA has a loan that allows you to buy a home, fix it up, and include all the costs in one loan. Or, if you own
a home that you want to remodel or repair, you can refinance what you owe and add the cost of repairs- all in
one loan.
Financial help for seniors
Are you 62 or older? Do you live in your home? Do you own it outright or have a low loan balance? If you can
answer “yes” to all of these questions, then the FHA Reverse Mortgage might be right for you. It lets you
convert a portion of your equity into cash.
Want to make your home more energy efficient?
You can include the costs of energy improvements into an FHA Energy-Efficient Mortgage.
How about manufactured housing and mobile
homes?
Yes, FHA has financing for mobile homes and factory-built housing. We have two loan products – one for those
who own the land that the home is on and another for mobile homes that are, or will be, located in mobile
home parks.
