Our FHA Insured Loans can help you:*
- Buy a home with just 3.5% down.
- Qualify with less-than- perfect credit.
- Get approved with a lower income than a traditional mortgage.
- Achieve your dreams of homeownership.
WHAT IS AN FHA LOAN?*
FHA loans are ideal for people who cannot afford a traditional down payment. Backed by the Federal Housing Administration (FHA), these loans are designed to help First time home buyers and lower income individuals who are not able to qualify for a conventional loan to achieve the American dream of home ownership.
FHA loans are issued by an FHA-approved lender and require just 3.5% down. They tend to have lower credit score requirements than other mortgage products, making home ownership achievable and affordable even if your credit is less than perfect.
WHAT TYPE OF BORROWER MIGHT WANT AN FHA INSURED LOAN?
An FHA Insured Loan is a good option for individuals who don’t have a lot of cash on hand for a down payment, and who have trouble qualifying for other types of mortgages due to either a lower income or low credit score.
It is often used by first time home buyers, though it is not exclusively available to first time home buyers. If you have owned a home before, you can still qualify for an FHA Insured Loan!