FHA
FHA Loan
Are you best suited for an FHA Loan?
FHA loans aim to make owning a home a possibility for everyone, and therefore offer benefits such as down payments as low as 3.5%, low interest rates, workable qualification standards, and above-par refinancing plans for large loans.
FHA loans are best suited for:
- Those needing to find creative solutions regarding difficulty with credit and qualification requirements
- Parties who intend to put down low down payments (below 20%)
- Owners looking to refinance into lower payment plans
- Owners considering cash-out refinances to utilize equity built in the home value
To speak to a Federal First Lending industry expert about FHA loans and if they are right for you, call (855)-517-3388
What makes a loan “FHA”?
The Federal Housing Administration (FHA) is a governmental entity that insures these specific mortgages. The FHA has less restrictive credit and underwriting requirements than the ones that constitute the conventional loan. They offer purchase loans, homeowner cash-out plans, and refinance options for both FHA and non-FHA mortgagees.
