Getting a Federal Housing Administration (FHA) mortgage is great for most consumers because it is flexible. If your are active military or a verteran with eligiblity, a VA home loan is your best option. HSTM provides lending options for both refinance and purchase with FHA and VA mortgage programs. FHA mortgage loans are more flexible with cash out and debt consolidation than VA lending allows. VA does allow 100% financing with rate and term or purchase loans.

The FHA offers “streamline financing” to help you refinance your mortgage without all of the paperwork, underwriting qualifications, appraisal, or time normally necessary when refinancing a home loan. Our loan officers can discuss this with you in detail and show you how streammline financing may work for you.

The section 203(k) program is a primary goal for HUD for the rehabilitation and repair fo single familly properties. As such, it is an important tool for community and neighborhood revitallization and for expanding home ownership opportunities. HSTM agrees and strongly supports this program.