FHA Loans
FHA Loans: Everything You Need to Know
What is an FHA home loan?
Federal Housing Administration (FHA) home loans usually cater to clients who have low capital for down payment and also those who have low credit scores. The FHA comes up with flexible insurance plans that enable us to offer you the most convenient FHA loan that will be enough. These loans are usually meant to cater to first-time borrowers; hence they do not have stringent conditions when it comes to eligibility.
Is an FHA Loan right for me?
FHA loans are usually mortgages that have been insured by the Federal Housing Administration. This offers an assurance that part of the loan will be cleared to relinquish any heavy burden from you. You will need to make a payment for the Mortgage Insurance Premium as part of your loan.
*Loan terms are subject to change. This information is meant for educational purposes and is not a commitment to lend. To qualify for a conventional mortgage loan, please reach out to our licensed loan officers, or apply online.
What are the benefits of an FHA Loan?
You will get to enjoy lower down payments, as low as 3.5 %. They also allow any contributions made from the vendor. You will also get to enjoy flexible qualification conditions.
*Loan terms are subject to change. This information is meant for educational purposes and is not a commitment to lend. To qualify for a conventional mortgage loan, please reach out to our licensed loan officers, or apply online.
