Insured by the Federal Housing Administration (FHA),
these loans are government-assisted alternatives to conventional financing, and were originally offered for first-time home
buyers with imperfect credit. Now, FHA loans are open to a wider audience, and are even popular options for homeowners looking
to refinance.
- Put just 3% down
- Easier to qualify for
- Fixed-rate and adjustable rate loans available
- Refinance a conventional loan into an FHA loan
- No pre-payment penalties
Get started to the right or call
1-888-337-6888
to get your personalized FHA quote.
Overall, FHA loans provide more flexibility in credit, income, and equity/down payment
requirements, and are great alternatives to conventional loans. They do include a Mortgage Insurance Premium (MIP), as well
as monthly mortgage insurance, but FHA loans still enable many homeowners who wouldn’t qualify for conventional financing
to purchase or refinance a home.
As your home loan partner, loanDepot is here to help
find the right
loan for you. Please call us at
1-888-337-6888
to speak to a licensed mortgage banker.