Brown Stone Mortgage

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Brown Stone Mortgage
160 Common,
Lawrence, MA 01840
Phone:(978) 965-2380

Available to all buyers, FHA loan programs are designed to help creditworthy low income and moderate-income families who do not meet requirements forconventional loans.

FHA loan programs are particularly beneficial to those buyers with less available cash. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.

Some of the other benefits of FHA financing:

* Only a 3 percent down payment is required. (May be Gifted from a Relative!)
* 100% of all Closing costs may be arranged within the loan.
* Much lower PMI then Conventional Loans.
* More flexible underwriting criteria than conventional loans
* Past Damaged Credit and Bankruptcies in most