Less-than-perfect credit history? Get to know the FHA Choice loan

45857361 - couple carrying boxes moving in new houseAt PRMI, we know that bad things can happen to good people. That’s why there’s the FHA Choice loan program. It’s designed to help borrowers whose less-than-perfect credit history makes it difficult for them to qualify for a traditional mortgage.

It’s a 30-year mortgage with a fixed rate designed for borrowers with low credit scores — as low as in the 500s. If approved, borrowers must provide a down payment of only 3.5 percent of the final loan amount.

It’s one of the many home loan options we have available. At PRMI, we work with the Federal Housing Administration loan programs, including the 203k, which allows qualified buyers to finance the purchase and renovation of a property.

We also work the VA (Veterans Affairs) and USDA (U.S. Department of Agriculture) home loan programs, as well as the federal government’s HARP — Home Affordable Refinance Program. Jumbo loans? Reverse mortgages? We offer those types of loans, too.

Whether you’re a first time or move-up buyer or an investor, we have loan programs designed with you in mind. We also have a variety of lending options for homeowners who want to lower their monthly mortgage payment or renovate their property.

Finance your home with Primary Residential Mortgage. Where the primary focus is you.