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FHA Loans

Small Down Payment, Big Opportunity

FHA Loans with Richard Krauss

FHA Advantage Plus

FHA loans present an avenue to enter the real estate market, particularly for individuals with limited funds for a down payment or those requiring flexible qualification options. Our objective is to assist you in realizing the potential of homeownership, even if you're starting with modest resources. You can still achieve your goals, and we are committed to supporting you every step of the way. Don't let a lack of a sizable down payment or a lower credit score discourage you from owning your own home. Get in touch with us to explore how an FHA loan can suit your needs.

Minimum FICO Score.

500 with debt-to-income limits
580 high balance with limits

Down Payment.

Down payment as low as 3.5% with credit above 550
Flexible qualification criteria
Or Down Payment Assistance Programs are available for those who qualify

Occupancy.

Primary residence

Other Highlights.

UPMIP financed
Monthly mortgage insurance required
100% gift funds allowed
Up to 6% seller contribution
Seller-paid closing costs and a 30-day close timeline

Drop us a line.

Laura H. & Christopher M.

We were initially denied by a lender and when our possibilities were limited, Mr. Krauss helped us achieve our dream of getting a model home. My husband is a Veteran and he informed us of discounts and grants that we were not aware of.

Nicholas M.

I was well informed every step of the way never left me guessing all ways their when I had a question all ways very professional and respectful I had a pleasant experience.

Bonnie M.

Consistent communication and being able to trust the process. Richard closed my purchase after it was denied by another lender due to my low credit.

Natalie D.H.

Richard's quick response to any issue or questions I may have had. And his expertise in getting it all handled quickly. I am Self Employed, he was able to close the loan before the due date.

Lorine C.J.

Richard has successfully completed several refi’s for us which is why we brought our latest refi need to him. Our communication was excellent and our current refi went smoothly.

Nadine W.

Richard was able to close my VA Purchase ahead of time with a low credit score of 520. His expertise overcame every hurdle within the process.

Bryan P.

Richard took the time to help a homeless disabled Veteran into a new home. No one would help except for him. He explained how to qualify and executed my purchase ahead of schedule with the builder!

Roberto R.

I was in an active Chapter 13 Bankruptcy, Richard was able to contact the court for approval and assist with my new purchase. He then provided me with the SAH Grant information for disabled Veterans and helped with my disabilities in the new home.

Greg S.

Richard is my old high school friend. We both served in the military, and he was able to explain how I can purchase with a lower credit score. My family has a beautiful home and we are able to start our next chapter!

David S.

Richard executed a Cash Out refi to purchase an investment property. The loan was approved withing 5 Days. Extremely quick turn around and awesome communication. He always answered my questions.

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