Apply for a Home Loan

Ready to apply for a new home loan or refinance an existing mortgage? Apply directly through the Network Financial Group website.
You may choose to complete short application to get started, or the full application to submit documentation and have your loan processed.

Full Application
(I have all my documents ready.)
Short Application
(I just want to start the process.)

FHA Loans for Those with Poor Credit, Limited Income, or Bankruptcy

FHA loans have been helping people become homeowners since 1934. They are what some call “friendly loans” as they are much easier to qualify for than the standard Fannie Mae loan. FHA is actually NOT the lender, they are a division of HUD that provides guarantees to lenders who do provide the financing that meets FHA guidelines.

Network Financial Group works with FHA-approved lenders to make the dream of owning or refinancing a home a reality for those with limited income, bankruptcy, and poor credit. If you have been turned down for a home loan through a traditional lender, an FHA loan may be the best option.

Currently, those applying for an FHA-backed loan may qualify for a loan totaling up to 96.5% of the home’s total value. Those with decent credit may qualify for as little as only 3.5% down. This means someone purchasing a home valued at $500,000 is only required to put down $17,500 — and, the source of down payment can even come from family or friends.

Let’s get you financed. Contact Bob Schuman today to get started.

FHA Benefits

  • Low down payment (as little as 3.5% down) if you’re purchasing a property
  • Low credit scores – as low as 500 in some cases
  • Great option for less than perfect credit borrowers including homeowners with a recent or current bankruptcy and you want to refinance
  • Closing costs and fees can be included in the loan
  • More flexible underwriting qualifications

FHA and Chapter 13 Bankruptcy

This can be easier to qualify for a refinance once you have made at least 12 monthly payments on time. All mortgage payments must have been made on time after the bankruptcy was filed.  Other criteria apply like the ability to make the monthly mortgage payments and court/trustee approval. Yet this is much easier to qualify for than a typical Fannie Mae loan.  

Note: Even if you are in bankruptcy and don’t qualify for FHA, Network Financial Group has other sources of financing that could help you out of your current circumstance. Call Robert for a consultation.

Ready to Apply?

Call Bob directly at 408-778-2274 or email him directly at Robert@RealEstateLoans.Expert and he will be happy to get you started with your loan process.

Get Started

The UFMIP and MMI… Explained

There are two parts of FHA mortgage insurance, the UFMIP (upfront mortgage insurance premium), typically a one time fee paid out of the loan proceeds at closing, and the PMI (premium mortgage insurance). The PMI is a monthly mortgage insurance that is lumped together with your regular mortgage payments.