LOAN TYPES

WHAT IS AN FHA LOAN?

Understanding FHA LOANS

An FHA loan is a mortgage issued by an FHA-approved lender and insured by the Federal Housing Administration (FHA). Designed for low-to-moderate-income borrowers, FHA loans require a lower minimum down payments and credit scores than many conventional loans
  1. FHA loans are federally backed mortgages designed for low-to-moderate-income borrowers who may have lower than average credit scores.

  2. FHA loans require a lower minimum down payments and credit scores than many conventional loans.

  3. FHA loans are issued by approved banks and lending institutions, who will evaluate your qualifications for the loan.

  4. These loans come with certain restrictions and loan limits not found in conventional mortgages.

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Now is the time to qualify for a new home loan or refinance. Every point in APR can account for 1,000’s of dollars over the life of the loan. Don’t Delay! Contact an approved loan originator today!