FHA
FHA Loans Can Be Affordable!
FHA loans are great for all kinds of buyers, first time buyers and buyers who, while living life, have a few credit ‘speed bumps’. See why below.
The Lowdown on FHA Loans...
Why an FHA Loan?
Typically an FHA loan is one of the easier types of mortgage loans to qualify for because it requires a low down payment and you can have less-than-perfect credit. An FHA down payment of 3.5% is required. Borrowers who cannot afford a traditional down payment of 20% or can’t get approved for private mortgage insurance should look into FHA loans.
Our FHA Loan Rates Are Low & Our Process is Quick & Painless
An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). Essentially, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments.
The FHA program was created in response to the rash of foreclosures and defaults that happened in 1930s; to provide mortgage lenders with adequate insurance; and to help stimulate the housing market by making loans accessible and affordable.
We’re here to make the FHA home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE FHA Loan Qualifier.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
The FHA Loan Process
Here’s how our home loan process works:
- Complete an Online Application
- Go over your application with one of our specialists
- Receive options based on your unique criteria and scenario
- Choose the offer that best fits your needs
- Fixed Rates
- Adjustable Rate Mortgage (ARM)
- Terms from 5 to 30 Years
- Credit Scores are Okay as Low as 580
- 2 Years After a Bankruptcy is Okay
- Open Medical Collections are Okay
- Debt To Income Ratios Up to 55% Can Work
- Seller Paid Closing Costs Up to 6% is Okay
