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.

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 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.

Because we are great at what we do!

We will calculate different scenarios for you to see what route is best to take for your Mortgage needs.

How It Works?

Simple Hassle Free Process

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Get a Free Rate Quote

Safe & Easy

We are a 5 star Google-rated company and have processed millions of dollars in loans in the U.S.  Our safety and security standards help you get the best Loan terms available.

1. Initial Consult

Complete our simple Application

2. Receive Options

Receive options based on your unique criteria and needs

3. Compare Rates

Compare mortgage Interest Rates and Terms available

4. Choose Offer

Choose the offer that best fits your needs

Benefits of Our Process

As experienced loan officers we have the knowledge & expertise you need to explore the many financing options available for you make the right choice for your property mortgage loan needs.

  • Over 200+ Bank Network to Work With

  • Human Expert Loan Review

  • 5 Star Rated Broker Built on Trust

  • Various programs for all buyers and investors.

  • Foreign National Buyers for US Mortgages.

  • We Sit and Discuss the Best Loan Deals.

  • We’ll fight the banks for you when they’re difficult.

Other Mortgage Brokers

  • Limited Banks to Shop Around.

  • Will Choose Loans Based on Their Needs.

  • Rely to Much on Technology and Not Fight for you.

  • Script based boiler room operations for quick buck.

  • No International buyer programs or don’t want to deal with them.

  • Take No from banks and underwriters to easy and don’t fight for you.

Have a Unique Situation?

We’ve helped thousands of borrowers no matter the issues.

Get a funding consultation

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