An FHA Loan is a great solution for you to buy your home if you don't have much money for a down payment or have had some credit issues in the past. This is your solution to getting out of your rental fast.

The advantages of an FHA Loan include:


Qualifying Can Be Easier Your Credit doesn't have to be perfect Down Payment Requirements are very small Competitive Rates

The Federal Housing Administration (FHA) is the government agency that regulates housing industry business and is the largest mortgage insurer in the world. One of the main missions for the FHA is to "maintain and expand homeownership." That means FHA Loan programs may exist to help you own a home.

Since FHA Loans are insured by the government, lenders can make it easier for you to get a competitive loan.

FHA Loans are a great solution if your credit isn't perfect. Even with a bankruptcy in your history you still may qualify for an FHA Loan. This is especially true with the changes in the Sub-Prime Mortgage market. An FHA Mortgage is usually the best option if you need to work on your credit.

FHA Loans require a 3.5% down payment versus the more traditional 20%. Also, the money for a FHA downpayment can come from many different sources. It can be a gift from a family member, employer or even a charitable organization. This is not acceptable with most other loan programs.

FHA Loans have VERY competitive rates. Remember, the Federal Government insures FHA loans and this helps keep the rates very reasonable.

You can contact us by phone or apply now for an FHA Mortgage. We can review your application and will be in touch with you by the next business day.

Learn more about FHA loans. (Department of Housing and Urban Development)

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