FHA Home Loans – Achieve Your Goal Of Owning A Home

About FHA Home Loans

FHA home loans are a type of government loan insured by the Federal Housing Administration (FHA). An FHA insured mortgage can be used to purchase or refinance a single family home, a multi-family home of up to 4-units, a condominium unit or a manufactured housing unit that’s on a permanent foundation. Similar to VA home loans, FHA loans have features that ease qualifications for first-time buyers to obtain a home loan with a combination of low down payment options and flexible lending guidelines.

Advantages of FHA Home Loans

• Flexible qualification guidelines

• Your mortgage is insured by FHA, eliminating the need for Private Mortgage Insurance (PMI)

• Options for borrowers with less than perfect credit histories

• Low down payment – FHA loans allow for a down payment as low as 3%

• If you encounter financial difficulties after buying your home, FHA has programs to help you keep your home and avoid foreclosure

Eligibility Requirements for FHA Home Loans

• FHA home loans are available for first-time buyers and for borrowers that have not used an FHA home loan in the past 3 years.

• Requires using an approved FHA lender for FHA-insured mortgages

• Borrower must have a valid social security number; lawful residency in the United States and be of legal age to sign on a mortgage in state of residence

• No maximum income limits in order to qualify for an FHA loan

• No minimum credit score requirements

Application Process for FHA Home Loans

If you’re thinking about an FHA home loan, we can help answer your questions and review your needs. Call us at 1-800-909-8217 and one of our expert loan advisors can help start the process.