FHA HOME LOANS

Federal Housing Administration

Not sure if your current finances will let you qualify for a mortgage? A FHA mortgage could be your solution. Run by the Federal Housing Administration, FHA home loans were created to make it easier for home owners to qualify for a loan – whether to buy a home or refinance your mortgage.

​

Who is an FHA Loan Best For?

​

FHA home loans can benefit almost all home buyers and refinancers – first-time home buyers, military families, lower-income families and homeowners who don’t want to tie up a lot of cash in their homes.

​

FHA mortgages are great for people who desire a secure government-insured home loan, while also needing to finance more than 80% of their home value. Check in with a home loan expert or call us at (214) 983-1153 to review your options to see if a FHA home loan is the best fit for you.

​

What Are The Benefits of a FHA Loan?

​

Qualifying for a FHA loan is less difficult than other loan options. With a FHA mortgage, you can buy a home with a down payment as small as 3.5% and lower credit scores. There are also no income limits for a FHA loan, which you might find with other programs.

​

With an FHA loan, you are able to use gifts (such as borrowed money or a monetary gift from a family member) towards down payments and closing costs.

​

There are no prepayment penalties with a FHA mortgage, allowing you to refinance or pay off your home early without having to worry about paying an extra fee.