Financing

FHA Loans have been there for buyers since 1934. Today, they’re as popular as ever because they continue to keep up with the times. Standout features include:

• More credit score flexibility
• Only 3.5% down payment on loans up to $625,000* in certain high-cost areas
• Higher debt-to-income ratios (on DU or LP approvals)
• Purchases on a 2-, 3- or 4-unit home as long as FHA loan limit is not exceeded
• Upfront mortgage insurance can be added to your loan balance instead of paid out-of-pocket
• No prepayment penalty

Streamlined documentation on refinances

Fewer required repairs

Bankruptcy. Two to three years from the date of your bankruptcy discharge, you can obtain an FHA loan, provided you have since maintained good credit

Foreclosure. Three years after the final date of foreclosure, you can obtain an FHA loan, provided you have since maintained good credit. (As long as not defaulted FHA loan)

*The $729,750 loan limit exists for certain areas of the country, and is effective until December 1, 2009. For additional details, please contact your Prospect Mortgage Loan Officer.

Equal Housing Lender. Prospect Mortgage is located at 15301 Ventura Blvd., Suite D300, Sherman Oaks, CA 91403. Prospect Mortgage, LLC is a Delaware limited liability company licensed by the CA Dept. of Corps. under CRMLA and operates with
the following licenses: AZ Mortgage Banker License #BK0903027, #BK0909362, #BK0908046, #BK0908050, #BK0908056, BK#0908057, #BK0908058, #BK0908731, BK#0903112, BK#0903912, BK#0906650, BK#0906913; To check the license
status of your CO mortgage broker, visit <a href=”http://www.dora.state.co.us/real-estate/index.htm”>www.dora.state.co.us/real-estate/index.htm </a> ; GA Residential Mortgage License #16984; IL Residential Mortgage Licensee #6424; MA Mortgage Lender/
Broker License #MC2011; MS Licensed Mortgage Co.; MT Residential Mortgage Lender Licensee #120; NV Division of Mortgage Lending Mortgage Banker #1173 and Mortgage Broker #3095; Licensed by the NH Banking Dept.; Licensed Banker-NJ Dept.
of Banking and Insurance #9932415; Operates as Metrocities Mortgage, LLC in NY (Licensed Mortgage Banker—NYS Banking Department); Operates as Metrocities Mortgage, LLC in OH (Ohio Mortgage Broker Act, Lic # MB.803629.000); OR Mortgage
Lender Licensee #ML-2006; PA Dept. of Banking license #1740; RI Licensed Lender #20021343LL, Broker #20041643LB; licensed by the VA State Corp. Commission as MC-2195. This is not an offer for extension of credit or a commitment to lend. All loans
must satisfy company underwriting guidelines. Information and pricing are subject to change at any time and without notice. This is not an offer to enter into a rate lock agreement under MN law, or any other applicable law.