Insured by the Federal Housing Administration, FHA home loans are government-assisted alternatives to conventional financing, and were originally offered by FHA lenders to 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, including an FHA streamline refinance and FHA cash out refinance.
Overall, FHA mortgage loans provide more flexibility in credit, income, equity/down payment requirements, and FHA mortgage rates today are low. They do include a Mortgage Insurance Premium (MIP), as well as monthly mortgage insurance, but a fixed rate FHA loan enables many homeowners who wouldn’t qualify for conventional financing to purchase or refinance a home.
Talk to a lending expert today to answer all your questions, get a rate quote and find your best loan.
Fill out a short contact form and we’ll have a lending expert call or email you back.get started
Apply with our online application. View and lock in your rate online, all from the convenience of your homeapply online