FHA Home Loan

An FHA home 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.

Home loans provided by the Federal Housing Administration (FHA) may make it easier for you to buy a home. For an FHA loan a down payment starts at as low as 3.5%. Borrowers who cannot afford a traditional down payment of 20% or have a lower credit score should consider an FHA loan.

Low Down Payment

Down payment can be as low as 3.5% down!

Better Mortgage Rates

Rates are better than Conventional for low-credit borrowers.

Higher DTI acceptable

Debt-to-income ratio to be approved is higher than in conventional loan

Lower Credit Score requirement

Credit score to qualify starts at 580 and higher.

Down Payment can be a gift

It is allowed!

Easy Refinancing

Super easy to refinance when you are ready with FHA streamline program.

FHA Home Loan

The FHA Home Loan program was created in response to the rash of foreclosures and defaults that happened in 1930s. Government wanted to provide mortgage lenders with adequate insurance and help stimulate the housing market by making loans accessible and affordable. We’re 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 an experienced investor.

Our goal is to match you with experts that get you the best deal, the best rates and your loan approved!

FAQ’s on FHA Home Loan

  1. Your score has to be > 580
  2. You should have a down payment of at least 3.5% from Purchase Price plus enough to cover closing costs
  3. FHA loans can be obtained for Owner Occupied properties only
  4. If 1-3 checks out- Fill out our Application!

You can potentially get approved with the score of at least 580.

It’s not about how much you make, it’s more about how you spend.

You debt-to-income ratio to qualify might be as high as 55% (It’s only 43% with conventional) with other compensating factors.

FHA Loan is great if your credit score is lower and you want to put down the lowest amount possible.

But, FHA loans require Mortgage Insurance:

1.75% upfront mortgage insurance (could be added to the Loan amount)
+
0.8% of Loan Amount is added monthly to your payment (Monthly mortgage insurance).

Mortgage insurance can not be cancelled (unlike Conventional Loans, where as soon as you reach 22% equity – it automatically gets cancelled)

So although you can qualify with less, you should really calculate for yourself, which route would be best for you to take.

Get Approved Lenders

How It Works

Simple Hassle Free Process

It starts with a no hassle and no commitments phone, text or email conversation. Everyone’s situation is different and our experts will analyze your needs and wants and help get you the BEST property loan possible.

Safe & Easy

We work with 5 star Google-rated companies and mortgage professionals and have helped people find the best loan solutions and providers.  Our goal is to be the best resources of information for your needs. Start by inquiring.

1. Submit Request

Inquire with Basic Info

2. Information Review

Your inquiry is manually reviewed.

3. Match You Correctly

Get matched with the best provider based on inquiry.

4. Provider Contacts You

Professional reviews & contacts you for final steps.

Benefits of Our Process

We picked the most experienced loan officers that have the knowledge & expertise you need to explore the many financing options available to make the right choice for your property mortgage loan needs. Finding the best banks and brokers can create confusion and working with the best helps you in this major decision.

  • Best Broker Match up for Your Needs

  • Human Expert Loan Review

  • Over 200+ Bank Network to Work With

  • 5 Star Rated Brokers & Funding

  • Various programs for all buyers and investors.

  • Foreign National Buyers for US Mortgages.

  • They’ll Sit and Discuss the Best Loan Deals.

  • No Pressure or Obligation to Use

Other Funding Sources

  • Limited Banks to Shop Around.

  • Will Choose Loans Based on Their Needs.

  • Interested More in Selling Your Data

  • Script based boiler room operations for quick buck.

  • Only Work With a Few Providers

  • They Want Easy Situations and Don’t Fight for You.

Have a Unique Situation?

We’ve helped thousands of borrowers find the right funding brokers no matter the issues.

Get a funding consultation

The Process

No hassle, No Commitments, No Spamming from us. We’ll walk you through the process.