How the FHA loan program can help you purchase a home

Saving up for a downpayment is the No. 1 challenge for most first-time home buyers today. That’s where the FHA home loan program comes in. It has one of the lowest downpayment requirements available. As an established FHA lender, our team is here to help you take the necessary steps to finance and achieve the goal of homeownership. We have years of FHA lending experience and can answer your questions and guide you through the loan process.

Part of the U.S. Department of Housing and Urban Development, the Federal Housing Administration doesn’t actually provide home loans. The FHA does, however, offer insured loans made by lenders throughout the United States and its territories. The insurance helps protect lenders against losses in the event homeowners default on their mortgage loans. That’s vitally important. Generally, data over many years shows that the lower the downpayment a borrower makes, the higher the risk of default. With FHA insurance, lenders are able to offer lower down payment loans and offer easier qualifying criteria than they otherwise would be able to accept.

FHA loans have minimum credit score and downpayment requirements, although they are among the most flexible of any type of loan. You’ll still need to have your financial house in order, show a steady income and demonstrate that you are good at paying your bills on time.

Ready to take the next step of your homeownership journey? We’re here to help. Reach out to us today to learn more about FHA home loans and how they can help you purchase your own Home Sweet Home. We’ll help you review all of your home financing options so that you can find the best fit for you and your family. As an established mortgage company, we capitalize on our extensive experience to make home buying easier for you. *This ad is not from HUD or FHA and was not approved by HUD or any government agency.