FHA Home Loan

 

What is a FHA Loans?
FHA loans are insured by the Federal Housing Administration. These loans are designed to help first-time homebuyers and experienced homeowners alike by providing them with a low down payment option.  FHA mortgage insurance serves as protection for lenders in the event of a homeowner defaulting on their home loan.

Getting To Know The Federal Housing Administration 
The Federal Housing Administration (FHA) is a government entity that offers mortgage insurance on loans made by FHA-approved lenders. The FHA provides insurance on mortgages for many different types of homes including single-family and multifamily homes. The FHA is completely funded by its own self-generated income, meaning there is no cost to taxpayers for its operation and services. The FHA was created in 1934 as a direct response to difficulties in the housing industry such as unfavorable mortgage loan terms, low rates of homeownership nationwide and widespread unemployment among construction workers

FHA Loans Benefits
FHA insured loans often give potential homeowners the option of making a lower down payment than they would need to make if using a traditional, non-FHA insured mortgage. FHA loan benefits include:

  • Down payments as low as 3.5%
  • Loan is guaranteed by the government
  • Less than perfect credit can apply

Get Pre-Qualified for an FHA Loan
Now is the time to take advantage of the many benefits FHA loans offer potential homeowners. Our home loan professionals will guide you through the FHA loan process with expert knowledge, competitive rates, and first-class service. Get started today.


McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams