FHA Loans

FHA loans represent a great opportunity to home ownership. This Federal Housing Administration insured program allows for more lenient credit and down payment requirements. FHA loans are an attractive option, especially for first-time home buyers and current homeowners.  This loan is specifically designed for borrowers with a smaller down payment, lower credit scores and credit challenges such as a prior bankruptcy or foreclosure. Typically the borrower can be approved with 3.5% down payment vs 10% that is required on other loan programs. The FHA loan requires a monthly mortgage insurance payment for the life of the loan allowing for quick approvals. This strategy is a great way to purchase or refinance the home of your dreams. Used primarily as a stepping stone, we work with clients to improve their situation to position them for more conventional financing in the near term.