What is an FHA Home Loan?

An FHA loan is a federally insured loan guaranteed by the (FHA) Federal Housing Administration, which has been insuring mortgages since 1934 and is administered by (HUD) Housing and Urban Development.

FHA loans are very popular for all consumers with different credit types and offer many attractive features to borrowers. In today’s mortgage market FHA loans are being sought by borrowers with less than perfect credit and also borrowers with good credit for many beneficial reasons. It is easier to qualify for a FHA mortgage, than a traditional conventional loan.

FHA LOAN BENEFITS

• Low closing costs.
• Low down payments( Only 3.5 % down )
• Purchase loans and refinance loans available
• Debt consolidation refinancing.
• Loan limits increased up to $ 729,750. nationwide
• Fixed rate mortgages available.
• Easy credit qualifying. Those with less-than-perfect credit are more easily approved for a loan,  today prime borrowers are also taking advantage.
• FHA loans can offer a better interest rates.
• FHA jumbo loans have more attractive rates than conventional programs

WHATS REQUIRED FOR ELIGIBILTY ?

• You must have a valid Social Security Number and be a legal resident of the United States.
• We need to verify if you can qualify for the mortgage,  by checking your income, assets,  credit history and debt ratios.  
• Your credit score once examined will help us determine the interest rate you may qualify for.

Apply online - it is as easy as 1-2-3.