FHA Lenders

When you apply for an FHA Loan, you will actually be receiving the money from a private lender. The FHA does not issue the money itself; rather, they insure a portion of the loan for you. This helps make you a very secure and attractive borrower to private lenders who are then willing to pass on great benefits to you. As long as the lender participates in the FHA Home Loan Program, you have the option of using either a bank, mortgage company or savings and loans association. When you find your lender, here are just a few of the great benefits you’ll be able to take advantage of:

Lenient Qualifying Credit

Qualifying for an FHA Loan is much easier than qualifying for a conventional loan. Even if you have less than stellar credit from your past, such as a bankruptcy, you can still qualify for an FHA Loan.

Low Down payment

Conventional loans typically charge around 20% for a down payment, especially for people who have poor credit. With an FHA Loan however, you can get a loan that requires as little as 3% for the down payment on the property. This is great for all American families, especially those who may not have the capital saved up for a big down payment.

Low Costs

The overall cost of an FHA Loan is much lower than with conventional loans. For starters, you will be able to get really competitive interest rates, and may even qualify for one that is below the current mortgage market rate. Additionally, because you will already be insured by the Federal Government, you won’t be required to pay for Private Mortgage Insurance (PMI).

Help Keep Your Home

The FHA has been helping Americans afford their homes since 1934, and they will continue to be around for years to help make sure you continue to afford your house. There are many programs in place for you to take advantage of to avoid foreclosure.

Quick Approval

Getting pre-approved for an FHA Loan is easier today than it ever has been. When you fill out our online form, our team of FHA specialists will be able to help you get started on the road to homeownership today. It’s safe, secure, 100% free and has no strings attached. Let us help you take advantage of the FHA benefits today!

How to Apply for an FHA Loan | fha lenders | fha mortgage financing | fha interest rates