Our FHA Loan Rates Are Low & Our Process is Quick & Painless

An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). Essentially, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments.

Like all loan programs, FHA has some great advantages over other programs. They are much more forgiving when it comes to credit score and down payment requirements. The interest rates are typically lower than on a conventional loan BUT they do have some drawbacks that should be considered. We are glad to show you why we recommend one program over another. That is why we are here.

The FHA Loan Process

Here’s how our home loan process works:

• Complete our simple FHA Loan Qualifier
• Receive options based on your unique criteria and scenario
• Compare mortgage interest rates and terms
• Choose the offer that best fits your needs

Typically an FHA loan is one of the easiest types of mortgage loans to qualify for because it requires a low down payment and you can have less-than-perfect credit. An FHA down payment of 3.5% is required. Borrowers who cannot afford a traditional down payment of 20% or can’t get approved for private mortgage insurance should look into FHA loans.