FHA LOANS HAVE ASSISTED HOMEBUYERS SINCE 1934
How do FHA loans help? Since these loans are insured by the U.S. Federal Housing Administration (FHA), part of the U.S. Department of Housing and Urban Development (HUD), mortgage lenders can offer these loans at an improved rate.
- Simplified Credit Qualification
HOW TO UTILIZE FHA LOANS
With just 3.5% of the purchase price needed for a down payment, FHA loans are perfect for first-time homebuyers. FHA home loans are available for use on properties with one to four units.
Financial Assistance for Senior Citizens
If you are 62 years of age or older, live in your own home and own your home outright or have a small balance an FHA reverse loan may be perfect for you. FHA reverse mortgages allow you to receive cash in exchange for equity.
Improving Your Home’s Energy Efficiency
The cost of improving your home’s energy efficiency can be covered through an FHA Energy-Efficient loan.
Mobile and Manufactured Homes
FHA loans can be utilized to finance both mobile homes and manufactured homes. There are two types of FHA mobile and manufactured home loans that can be used for mobile and manufactured homes. The first option being a loan for the owner of the property in which the home will be located on. The second option is a loan for homes that are currently located in a mobile home park or will be at a later date.