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More About Federal Housing Administration Loans

Why Use FHA Loans?

Due to the low down payment requirement and the fact that you can qualify with less-than-perfect credit, FHA loans are typically one of the easiest to obtain. A 3.5% FHA down payment is necessary. FHA loans are a good option for borrowers who cannot afford the conventional 20% down payment or who are not eligible for private mortgage insurance.

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Our FHA Loan Rates Are Affordable, and Our Process Is Speedy & Painless

A mortgage loan that is insured by the Federal Housing Administration is known as an FHA loan (FHA). In essence, the federal government guarantees loans for FHA-approved lenders to lessen their risk of loss in the event that a borrower misses a payment on a mortgage. The FHA program was established in reaction to the wave of defaults and foreclosures that occurred in the 1930s, to offer mortgage lenders adequate insurance, and to support the growth of the housing market by lowering the cost of borrowing. Whether you're a first-time home buyer or an experienced investor, we'll help you clearly comprehend the differences between loan programs so you can select the one that's best for you. With resources and knowledge that will aid you along the road, we're here to make the home loan process much simpler for you.

The Process for FHA Loan

Here is the procedure:

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  • Set Rates
  • Mortgage with a Changing Rate (ARM)
  • Loans that conform
  • Super- and Jumbo-sized Loans
  • Loans from FHA, VA, and USDA
  • Term Lengths of 5 to 30 Years