Do you not have enough money saved to put down a full down payment but still want a house? An FHA loan might be the solution for you.
Federal Housing Administration (FHA) started in 1934 and is a part of the U.S. Department and Housing and Urban Development (HUD). The FHA insures loans so that lenders can offer a better deals to borrowers.
First Time Home Owners?
FHA can help you obtain loans with as low as a 3.5% down payment. In addition, a large amount of the closing costs can be included in the loan. FHA covers 1-4 unit properties.
Got Equity? Need Cash?
If you are 62 or older? If you live in the home, own it out right or have a low loan balance. You could qualify for an FHA reverse mortgage. This allows you to turn part of your equity into liquid assets: AKA cash.
Wish Your House was More Energy Efficient?
FHA Energy-Efficient Mortgage can cover the costs of making your house more efficient.
Interested in Manufactured or Mobile Homes?
There is a loan for people interested in putting the aforementioned on their own land and a separate loan for those wanting to be in a mobile home park.
Find an FHA Lender