Why an FHA Mortgage Loan?
Home mortgage loans provided by the Federal Housing Administration (FHA) make it easier perhaps for you to buy a home. A FHA mortgage loan has a minimum down payment of 3.5% requirement. Borrowers who do not have the traditional down payment of 20% or are unable to receive an approval for private mortgage insurance want to consider an FHA mortgage loan.
About FHA Home Mortgage Loans
An FHA mortgage loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). The federal government insures mortgage loans for FHA approved lenders in order to reduce their risk of loss in the event of a borrower defaults on their mortgage payments.
FHA mortgage program was created in response to an influx of foreclosures and defaults that happened in 1930s, to give mortgage lenders adequate insurance and to help stimulate the housing market by making mortgage loans accessible and affordable.
We are here to make the FHA home loan process easier, with tools and knowledge that will help guide you along the way, starting with our 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 repeat buyer.
The FHA Loan Process
Here’s how our home loan process works:
- Complete our simple FHA Loan Qualifier
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
Available in
- Fixed-Rate Mortgage
- Adjustable-Rate Mortgage (ARM)
- 3.5% Down Payments
- Jumbo & Super Jumbo Loans
- Terms of 15, 20, and 30 years are available for the fixed-rate products