FHA loans are an attractive option, especially for first-time homeowners because it is insured by the Federal Housing Administration (FHA). Primarily, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments.Typically the borrower can be approved with 3.5% down vs 20% that is required on other loan programs.
Licensed in Texas, Wisconsin, Florida and Illinois
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NMLS 196164, Serving Illinois MB0004376 Resource Plus Mortgage Corp. 1619 Colonial Parkway, Inverness, IL 60067 847-359-5300.
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Resource Plus Mortgage Corp. is Regulated by the IDFPR 100 W Randolph St, Chicago, IL 60601 Ph: (888) 473-4858
