What is a FHA Loan?

FHA stands for Federal Housing Administration. An FHA loan is insured by FHA provides mortgage insurance on loans on homes. FHA loans are popular among first-time homebuyers because FHA allows down payment as little as 3.5%

What are the benefits of a FHA Loan?

  • Minimum down payment of 3.5% on purchases

  • No prepayment penalties

  • Less restrictive credit requirements

  • FHA loans are assumable

Do I qualify?

  • Do you have a steady employment history for the past two years?
  • Do you have a valid social security number or lawful residency in the US?
  • Are you purchasing a home as your primary residence?

Did you say Yes to any of these questions? You may qualify for a FHA loan.

Refinancing a FHA Loan

Do You Currently have a FHA Loan? If so, you may be eligible for an FHA streamline.

What is a FHA Streamline?

The FHA Streamline program offers borrowers with an existing FHA mortgage a new FHA-insured loan without requiring credit approval or appraisal. FHA Streamline is generally performed to lower the interest rate and reduce the monthly payment on the existing FHA-insured loan.

What are the benefits of a FHA Streamline?

  • No appraisal or credit underwriting package
  • Lower your interest rate/payments

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FHA Resources

What is FHA Mortgage Insurance?

FHA mortgage insurance provides lenders with protection against losses as the result of homeowners defaulting on their mortgage loans. The lenders bear less risk because FHA will pay a claim to the lender in the event of a homeowner’s default. Loans must meet certain requirements established by FHA to qualify for insurance.

FHA Mortgage Limits

See FHA Mortgage Limits

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What is a FHA Loan?

FHA stands for Federal Housing Administration. An FHA loan is insured by FHA provides mortgage insurance on loans on homes. FHA loans are popular among first-time homebuyers because FHA allows down payment as little as 3.5%

What are the benefits of a FHA Loan?

  • Minimum down payment of 3.5% on purchases

  • No prepayment penalties

  • Less restrictive credit requirements

  • FHA loans are assumable

Do I qualify?

  • Do you have a steady employment history for the past two years?
  • Do you have a valid social security number or lawful residency in the US?
  • Are you purchasing a home as your primary residence?

Did you say Yes to any of these questions? You may qualify for a FHA loan.

Refinancing a FHA Loan

Do You Currently have a FHA Loan? If so, you may be eligible for an FHA streamline.

What is a FHA Streamline?

The FHA Streamline program offers borrowers with an existing FHA mortgage a new FHA-insured loan without requiring credit approval or appraisal. FHA Streamline is generally performed to lower the interest rate and reduce the monthly payment on the existing FHA-insured loan.

What are the benefits of a FHA Streamline?

  • No appraisal or credit underwriting package
  • Lower your interest rate/payments

Get a Free No-Obligation loan analysis and rate quote!

Apply Online

FHA Resources

What is FHA Mortgage Insurance?

FHA mortgage insurance provides lenders with protection against losses as the result of homeowners defaulting on their mortgage loans. The lenders bear less risk because FHA will pay a claim to the lender in the event of a homeowner’s default. Loans must meet certain requirements established by FHA to qualify for insurance.

FHA Mortgage Limits

See FHA Mortgage Limits

Mortgage Calculator

Amortization Calculator
$