FHA Loans: Buzzing Towards Your Dream Hive! 🐝

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**FHA Loans:**

FHA loans are some of the best options out there for first-time buyers and move-up buyers. They offer low down payment solutions and incredibly low rates compared to other loan programs. In select cases, FHA loans allow for debt ratios up to 56.99%, translating to more buying power for you.

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**Why Choose an FHA Loan?**
- **Low Down Payment:** Only 3.5% required.
- **Seller Contributions:** Sellers can pay up to 6% of the purchase price towards your closing costs and prepaid items like taxes and insurance.
- **Gifted Down Payment:** Down payment can be a gift from a relative.
- **Move-In Ready:** Often, you can move into a new hive with very little, if any, down payment.

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**Buzzing News: The FHA 100 Program**
At Coast2Coast Mortgage, we have access to a unique loan program called the FHA 100 program, which allows for a forgivable second mortgage to cover your down payment. Ask a loan originator for details.

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**New Changes in FHA Loans (203H Program)**
If you live in a disaster area affected by a recent hurricane, you could be eligible for the 100% financed FHA 203H program. This program is for victims of the hurricane—both homeowners and tenants whose rental homes were damaged—to obtain up to 100% financing on a new home. If you were affected by hurricane damage in a Presidentially declared disaster area, please ask us about this.

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**Why Work with Us?**
As FHA Loan specialists, we’re here to help you navigate any changes to the FHA loan program. We’re committed to creating a customized solution that works best for you and your family.

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**Get in Touch:**
- Call us at 941.499.7315
- Email: stephanie.belknap@coast2coastml.com

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**Note:** These materials are not from HUD or FHA and were not approved by HUD or any government agency.

**Let's find the perfect hive for you!** 🐝