FHA Loan
An FHA home loan is a government-backed mortgage aimed at making homeownership more attainable. If you’re unable to qualify for a conventional loan, an FHA loan could be a suitable option. These loans are insured by the Federal Housing Administration (FHA), which does not lend money directly but offers insurance on your mortgage through approved lenders such as banks.
Low Down Payment
Low down payments facilitate home purchases, particularly for first-time buyers.
A Range of Loan Options are Available
A range of loan options are available, including 30-year and 15-year fixed-rate mortgages.
The Down Payment can be a Gift
The down payment can be a gift, allowing 100% of it to come from gift funds.
Eligible Properties
Eligible properties include single-family homes, FHA-approved condos, and manufactured homes.
Simplifies the Refinancing Process
A Streamline Refinance feature simplifies the refinancing process, often without the need for an income verification or appraisal.