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FHA FAQS |
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1. What is an FHA loan? An FHA loan is guaranteed by the Federal Housing Administration. With this type of loan, you can enjoy lower, more affordable rates because if you are late or fail to make a payment, the lender still receives their money because it is guaranteed by the government. The lower rates are possible because the lenders take on less risk with a federally guaranteed loan than with a conventional loan. 2. Who can receive an FHA loan? FHA loans are tailored to first-home buyers or those who have already bought a home but have less than perfect credit. However, almost anyone is eligible for an FHA loan. Connect with one of our Loan Specialists to see how much you can save today! 3. When Can I apply for an FHA loan? Anytime! Fill out our SIMPLE application form and we will get started. 4. Why should I apply for an FHA loan? Not only will you receive lower, more affordable rates than a conventional loan, you can do all this with an FHA loan:
For first time buyers, you can finally afford to live the American dream and buy your own home. And for those with less than perfect credit, you don't have to live from paycheck to paycheck with these low rates. |
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