FHA Commercial Loans

FHA (Federal Housing Administration) Commercial Loans are government sponsored loans that are offered by financial lenders and guaranteed by the FHA or Federal Housing Authority. FHA commercial loans are available for buyers with limited cash or credit problems. With an FHA loan, the financial risk to the loan is assumed by the FHA, not the borrower or the lender. Plus, the borrower only needs to put down a minimal amount of money and someone other than the borrower can pay the closing cost.

Some of the key features of FHA Loans are:

  • Easier to Qualify - Because FHA insures your mortgage, lenders are more willing to lend with lower qualifying requirements, this makes borrowing easier.
  • Save Money on Down Payment - Financing is available with only 3.5% down.
  • Less than Perfect Credit - FHA has a more open-minded approach towards past credit problems.
  • Less cash needed - FHA has a minimal 3.5% down payment, this money can come from a family member, employer or charitable organization.
  • Lower monthly payments - Since a FHA Mortgage is federally insured, the rate may be lower than a conventional mortgage.

When applying for an FHA loan, the borrower must provide the following:

  • Two-Year income and employment history with an explanation of gaps between jobs that span more than a 30-day period.
  • A self-employed borrower must provide full tax return information for the last two years.
  • A salaried borrower must provide the W-2's from the past two years.
  • Current pay stub (or stubs) collected within the last 30 days showing a full 30 day work history and indicating the total earning year to date.

FHA Apartment Loans

  • FHA 221(d)(4) New Construction or Substantial Rehabilitation for Apartments
  • FHA 223(f) Refinance or Acquisition for Apartments
  • FHA 223(f) Refinance, acquisition or moderate renovation of existing Section 202 projects
  • FHA 223(a)(7) Refinance of an Existing FHA Insured Multifamily or Healthcare Mortgage
  • FHA LEAN 232 Pursuant to 223(f) Healthcare Acquisition and Refinancing
  • FHA LEAN 232 New Construction or Substantial Rehabilitation for Healthcare Properties
  • FHA 242 Construction, Rehab, Modernization or Expansion for Hospital and Acute Care Facilities
  • FHA 207 Manufactured Housing Community Properties
  • FHA 241(a) Insurance for Supplemental Loans

Any questions? contact our mortgage advisors now.

We are just a call away, call us at 310-975-9739 or click the button below to apply online.

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Why Henry Munoz For Your Real Estate Financing, Listing Or Purchase Transactions

 Henry Munoz is a California Department of Real Estate licensed Real Estate Broker and Loan Officer.He has exceptional reputation as a Hard Money / Soft Money Private Money Lender in Torrance,California and  built on his capability to provide quick financing solutions for borrowers. Henry has  23  of years in residential, commercial, and business purpose loans secured by real estate, He is able to process your loan application quickly and give quick answers once the  property has been reviewed  to include a Title report and borrower information received.Fast answers usually usually 2-5 days.

Henry also holds a Los Angeles County Legal Document Assistant Registration which is a independent practicing paralegal.This come in handy when there are legal and title issues with a property.In order to obtain this registration,you must have completed a  accredited program in paralegal studies.In addition having and active bond.

As a Broker,he has acess to private and institutional lenders that are not be availble to the general public.Most loans are based on the value of the property and the loan to value.

Typically an asset based loan does not require exhaustive financial evaluation of the borrower.I welcome loans turned down by Banks and other Lenders.

Call Henry Munoz direct at 310-975-9739

For consumer residential loans- www.Hmrealestateloans.com

For consumer reverse mortgages also known as home equity conversion mortgage. www.reversemortgage-hecm.com

Don't trust your financing,purchasing or listing needs to a inexperienced loan officer or salesperson/agent

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