YOUR FHA RESOURCE
We here at Own Your Home want to see you succeed in your home ownership goals! You’re closer to owning a home than you might think!
- Bad Credit? No Problem! We’ve got a vast network of lenders in our exclusive MortgageMatch™ Lender Network that can work with credit scores all the way down to 580, and sometimes even lower!
- Looking for a lower interest rate? We’ve got you covered! FHA Refinance Loans are a great way to lower your monthly payments or get some cash out of the equity you’ve built.
- Need to rebuild? No sweat! FHA 203K Rehab Loans or 203H Disaster Loans are a great way to get your home restored to a livable state.
- First Time Buyer? No Down Payment? Low Income? All of these are hurdles we don’t think should prevent you from owning a home.
What is an FHA Mortgage?
To put it simply, an FHA loan is an affordable mortgage for people with an unfortunate credit history (aka Bad Credit). Backed by the Federal Housing Administration – the government agency within the U.S. Dept. of Housing and Urban Development – the borrower of an FHA loan pays for mortgage insurance. This insurance then protects the lender from a loss if the borrower happens to default on the loan.
FHA Loans exist to help those who would not normally qualify for a normal mortgage. Owning a home is – and will always be – the most basic, realistic aspect of the American Dream. FHA Loans help to make that happen for millions of Americans.
Perhaps the biggest benefit to an FHA Loan is the flexible qualification requirements. An FHA Loan can allow you to purchase a home even though you may have had some hits to your credit score. Collections, late payments, bankruptcy, even a foreclosure on your credit report can still qualify you for an FHA Loan under the right circumstances. Do you fit those circumstances?
Our qualified FHA Mortgage Consultants can walk you through the process. From how much you can afford to possibly even getting you full pre-approval, and we’ll match you with a Real Estate Expert in your area.