FHA Purchase Programs
Millions of Americans gain financial independence from FHA Mortgages every year. FHA has driven steady job creation, more practical mortgage rates for middle class families, military housing, as well as housing for the elderly and low income families.
How do FHA Loans work?
Acting as an umbrella, FHA mortgage insurance allows lenders to have the confidence to offer loans to those who may not be able to meet more conventional loan requirements. If you’ve been previously denied for a home loan using conventional underwriting standards, there is a good chance you can qualify for an FHA Mortgage.
An FHA Loan also helps those who are looking to purchase a home but do not have the sizable down payment usually needed. Newlyweds, recent college grads, even those with bad credit due to a bankruptcy, divorce, or other reasons all can qualify for an FHA Loan and not be required to have a considerable amount of money to put down.