Loan Options
FHA Loans
Low down payment, government insured
FHA loans are government-insured mortgages backed by the Federal Housing Administration (FHA). They are designed to help individuals with lower credit scores or down payments purchase a home.
Terms that Fit your Needs
As a Mortgage Broker, we can approve you for a FHA loan that isn't backed by a government entity. Momentum Mortgage Group LLC your Arizona Mortgage Broker has more flexibility to set terms and conditions that fit your financial situation. The eligibility requirements may vary based on your financial stability and history, but we will work with you to determine which loan is best for you. A conventional loan has the most advantages for borrowers who can put at least 20% down, have good credit, and a stable income.
- Credit scores to 550
- No money down
- Down payment can be 100% gift funds from a family member
- Owner-occupied only
- Cash reserves generally not required
- Up to 6% seller credit towards closing costs
- High balance loan limits available is designated areas
FHA Calculator
Includes MIP estimate
Est. Monthly Payment
$2,035
Loan Amount
$289,500
Down Payment
$10,500
Total Interest
$369,241
Monthly P&I
$1,830
Upfront MIP
$5,066
Monthly MIP
$205
Ready to Get Started?
Apply online in minutes. Our team will guide you through every step.
Start Application(480)-236-6030
