6483 VAN BUREN STREET
SUITE 201
DAPHNE, ALABAMA 36526
OFFICE: 251-644-6188
FAX: 251-650-1601
NMLS #1009774

FHA INSURED MORTGAGE LOANS

An FHA loan is insured by the Federal Housing Administration, a federal agency  within the U.S. Department of Housing and Urban Development (HUD). The FHA  does not loan money to borrowers, rather, it provides lenders protection through  mortgage insurance (MIP) in case the borrower defaults on his or her loan  obligations. Available to all buyers, FHA loan programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans.

FHA loan programs are particularly beneficial to those buyers with less available  cash. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Some of the other benefits of FHA financing:
FHA Loan Advantages
•  Only a 3.5 percent down payment is required.
•  Closing costs can be financed.
•  Lower monthly mortgage insurance premiums and, under certain  conditions, automatic cancellation of the premium.
•  More flexible underwriting criteria than conventional loans
•  FHA limits the amount lenders can charge for some closing cost fees  (e.g. the origination fee can be no more than 1% of mortgage).
•  Loans are assumable to qualified buyers.

HOME POSSIBLE LOANS WITH FREDDIE MAC

Home Possible Loans Freddie Mac
Available to all qualified buyers, the Freddie Mac Home Possible loan program was created to assist families ready to take the next step in financing their homes.
Home Possible is helpful to buyers seeking a mortgage with a lower down payment and easier  financing options, while staying within common market rates.  Benefits include:

•  3% Down Payment
•  Financed Closing Cost Options
•  Low fixed Interest rates
•  Flexible PMI

Loan Officers are available across the State of Alabama, from Daphne, Fairhope, Loxley and Spanish Fort, to Foley, Gulf Shores and Lillian.   Earning your business for life is Sunset's only business.
Sunset Mortgage Loan Officers are here to help you finance your new home at the lowest rates possible, FHA and Freddie Mac Home Possible programs are just one way we can do that. If you have questions about this or any other program, please call us today or send us an email. If you're ready to begin, you can apply online right now.

* FHA  PURCHASE
* FHA REFINANCE
& STREAMLINE REFINANCE AVAILABLE
* VA LOAN (for  U.S. Veterans)
* VA REFINANCE
* USDA RURAL HOME LOANS
* USDA REFINANCE
​* CONVENTIONAL LOAN PROGRAMS
* JUMBO MORTGAGE PRODUCTS
* REVERSE MORTGAGE
Double Wide Homes with Land
Newer than 1995
Up to 96.5% LTV

Serving the Mobile, Alabama Metro and Eastern Shore Areas of Baldwin County, from Spanish Fort and Loxley to Foley and Gulf Shores.
Ready? Time to Pre-Qualify? Refinancing? Apply Online Now!

© 2013-2017
All rights Reserved.
Member of the National Association of Mortgage Brokers
Licensed NMLS Member
Sunset Mortgage of Alabama L.L.C.
6483 Van Buren St.
Daphne AL 36526
Sunset Mortgage is an Equal Housing Lender
Site Development by
Rent-A-Geek
All loans are subject to credit and property approval. Programs terms and conditions are subject to change without notice. Not all products are available in all states or for all loan amounts.
Other restrictions and limitations may apply.