Why Choose a FHA Loan?
Low Barriers to Entry
Just 3.5% down and flexible credit requirements help more buyers qualify.
No Tax Returns Needed for W-2 Borrowers
See if you can qualify with 2 years of W-2s and recent paystubs — no tax returns required
Higher DTI Ratios Accepted
Debt-to-income ratios up to 56.9% allowed — increasing flexibility for borrowers with other monthly obligations
All products
We have the loans to achieve your goals.
FHA
• 3.5% down payment with 580+ credit score (FICO)
• Up to 56.9% Debt-to-income allowed
• No tax returns required for W-2 borrowers
• Manual underwriting available
FHA Streamline
• No income verification or appraisal required
• Must be refinancing an existing FHA loan
• Must benefit borrower through lower payment or rate
FHA Cash - Out
• Refinance up to 80% loan-to-value
• Accepts credito score (FICO) as low as 600
• W-2 only borrowers do not need tax returns
• Cash can be used for any purpose
FHA 203K
• Roll renovation costs into FHA loan
• Available for purchase or refinance
• Includes full and limited versions
City Lending Inc. is not affiliated with or acting on behalf of or act the direction of the FHA or the Federal Government