FHA Loan Information

Since 1934 The Federal Housing Administration has been helping people become homeowners. The FHA is not a lender; they simply insure your loan so that lenders can offer you better rates. For as little as 3% of the purchase price for your down payment is all that is needed, and most closing fees can be included in the loan. The insurance of a FHA loan provides lenders with payment if the home buyer defaults. Good credit and sufficient income are needed to qualify for a FHA loan.
LEARN MORE
HomeRefinanceVA LoanFHA LoansHome LoansMortgage LoansDebt ConsolidationLoan LeadsArticlesContact Us

FHA Home Loan Guarantee Program
FHA Loans offer a loan guarantee for mortgage companies. If you acquire a FHA Loan to purchase a home, the FHA is not actually lending you the money to purchase your home. The FHA guarantees the lender that in case the borrower defaults on mortgage payments.
You can pay as low as a 3% down payment, and finance your closing costs into the mortgage loan. The FHA can also guide you toward programs that require no down payment.
You can purchase a home that needs repairs and finance the repair money into the mortgage. This way you can do the needed repairs immediately without having to come up with the money yourself.
You can purchase manufactured homes and condominiums with an FHA Loan.
You can finance the cost of energy efficient repairs you want to make on your new home into the mortgage.