Appleton | Green Bay Wisconsin Home Mortgage and Real Estate Resources: 2016 FHA Mortgage Info Series | Appleton | Green Bay | Wisconsin

2016 FHA Mortgage Info Series | Appleton | Green Bay | Wisconsin

1 in 4 appleton | Green bay Mortgage Loans are originated using fha

January 2016 - The timing seems right to open up discussions about FHA home loans again. With the new underwriting guidelines that became effective September 14, 2015, and the increase of minimum credit score requirements adopted by many local and National banks, we are delighted to provide you with up to date information.

FHA provides an array of products; FHA purchase loans, 203K home renovation or repair loans, rate and term, and cash out refinance loans, and finally their streamlined refinance loans for current FHA loan holders. FHA does offer one very special loan; The Back to Work FHA loan - This special loan allows for recent bankruptcy, foreclosure, or short sale.

You may lift an eyebrow to when I tell you that nearly one quarter of all loans made nationwide are FHA insured - 

Let's take a peek at why consumers are so attracted to this type of home loan:

1. Low down-payment requirement - Just 3.5% of the purchase price 

2. Generous Seller Credit - up to 6% of the sales price - By structuring your home purchase offer utilizing the KeepMoreMoney
6%, a buyer can get into their new home with just 3.5% down while the 6% credit from the seller is used for all closing and pre-paid items including the buyers new homeowners insurance covering the first year of coverage. 

3. Buyers with lower credit scores can qualify and enjoy a very competitive fixed interest rate. Compare this to conventional loans via Fannie Mae and Freddie Mac, where many home buyers with lower scores would not qualify.

4. Buyers using an FHA loan can qualify with credit scores as low as 580 and in many cases, with a reasonable scenario, loans can be approved with scores of 500. 

5. FHA loans are one of the only home mortgage loans that can be "assumed". With today's low interest rates, this may be a very very beneficial feature in the future, when you eventually sell your home. The only other Government loan with the assumption feature is the Federal VA home loan.

This is the first of a series I will be writing - I hope you've found this information helpful. If you need any assistance we are here to help in any way we can. Make it a great one and don't forget to use that smile you have with you 24 hours a day!!!! 








Proudly Serving the Residential Mortgage needs of the wonderful Veterans & People in Wisconsin. Green Bay, Appleton, Oshkosh, and throughout the greater Fox Cities areas.

My team works with each client to determine the best finance package for every scenario; Not only the impact of the loan on their finances today, but 5 and 15 years down the line. Need Credit restoration; We can help. Click Here for a no cost ~ no obligation pre-approval or consultation.

Gwenn Tanvas is a Certified Mortgage Planning Specialists who truly enjoys working with First-Time Home Buyers and Government Programs such as FHA, Federal VA and USDA Rural Housing Loans. Visit her website for more information, on-line calculators and a secure on-line application. She is able to assist with transaction throughout the state of Wisconsin. or she can also be reached for comment or to answer questions via email at


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Comment balloon 1 commentGwenn Tanvas • October 21 2015 12:57PM


Thank you for an easy to read and informative post Gwenn Tanvas  - we are now "following" you!  and BTW - my sister lives in Hortonville - right next door!


Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (Haven Express @ Keller Williams Arizona Realty) over 3 years ago