Missouri FHA Loans
LSI Mortgage Plus is not acting on behalf of HUD/FHA or the Federal Governement

Missouri FHA Loans MO, Georgia FHA Loans, Indiana FHA Loans, California FHA Loans, St. Louis FHA Loans   

The mortgage staff of LSI Mortgage Plus has years of FHA loan experience.

• FHA allows the highest loan to value on missouri purchase loans in the market today. Conventional financing requires 5%-20% down payment but FHA only requires 3.5% which can be gifted by a family member, close friend, job, or even a gift program.
  
• FHA Loans have no requirements with regard to declining markets. While conventional lenders generally want to reduce your maximum loan to value if your home is designated as being in a declining market, FHA has no problems insuring loans at the maximum loan to value on a purchase or even a St. Louisi cash out refinance.
• St. Louis FHA loans can be manually underwritten. Nearly every conventional lender today is using automated underwriting which is heavily based upon your credit history. FHA still allows for manual underwriting which allows us to work with our clients in drafting letters of explanation with regard to derogatory credit or work histories. The power of being able to explain your situation to a live person that will determine if an FHA loan makes sense for your situation cannot be overstated. This is one of the most powerful reasons that people are turning to FHA loans today.

Missouri FHA Loan Limits vary from county to county. To view the FHA loan limits for your particular area please CLICK HERE.
 

Below we will show you some of the benefits of St. Louis FHA purchase loans and St. Louis FHA refinance loans for you:



FHA For Missouri Purchase Loans

• Up to 96.5% loan to value
  
   
• 3.5% down payment can be gifted
  
   
• No restriction with regard to declining markets
  
   
• Purchase loans close in under 30 days
  
   
• Flexible underwriting guidelines

FHA For Missouri Refinance Loans

• Up to 97.75% loan to value
  
   
• Cash out u to 85% LTV
  
   
• Low seasoning for recently listed in MLS
  
   
• Streamlined refinance with less paperwork
  
   
• Close your loan in 3 weeks or less

       HUD REO FHA Purchase Loans with Escrow Repair 

LSI Mortgage Plus is proud to announce the launch of our new FHA HUD REO purchase loan that allows for up to $5,000 in escrow repairs. As many of you know, foreclosures are at the forefront of the purchase market right now and rightfully so as there are so many properties selling at pennies on the dollar!  There can be several hurdels to overcome when trying to obtain a mortgage on a foreclosure and the most common are the repairs needed to some of these properties prior to the bank issuing final loan approval. Our new program allows for someone to qualify for a standard FHA Mortgage loan with extremely low interest rates and to be able to finance in an extra $5,000 for any repairs that might be needed. We feel that having the ability to offer this type of product will make the purchase process go much smoother should you decide to purchase a HUD foreclosure! Feel free to give us a call today and we will anwser any of your questions and provide you with a same day pre-approval letter..
 

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