At AMS and ARS will walk you through your options, the process of FHA financing. This does not have to be a first time purchase and it can also be a refinance, plus there are many advantages to this type of loan:

  1. Credit score as low as 580
  2. 3.5% minimum down payment
  3. Lower interest rate in comparison to Conventional programs
  4. 6% max seller contribution towards buyer’s closing costs
  5. Gift of funds are allowed for down payment or closing costs

Additional benefits:

  1. 3 years from date of foreclosure certificate of title recorded with public records
  2. 3 years from date the short sale closing took place
  3. 2 years from discharge date
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