FHA Loans
FHA Loans
FHA might be just what you need. Your down payment can be as low as 3.5% of the purchase price
The Lowdown on FHA Loans...
Why an FHA Loan?
Typically an FHA loan is one of the easiest types of mortgage loans to qualify for because it requires a low down payment and you can have less-than-perfect credit. An FHA down payment of 3.5%is required. Borrowers who cannot afford a traditional down payment of 20% or can’t get approved for private mortgage insurance should look into FHA loans.
Our FHA Loan Rates Are Low & Our Process is Quick & Painless
An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). Essentially, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments.
The FHA program was created in response to the rash of foreclosures and defaults that happened in 1930s; to provide mortgage lenders with adequate insurance; and to help stimulate the housing market by making loans accessible and affordable.
We’re here to make the FHA home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE FHA Loan Qualifier.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
The FHA Loan Process
Here’s how our home loan process works:
Complete our simple FHA Loan Qualifier
Receive options based on your unique criteria and scenario
Compare mortgage interest rates and terms
Choose the offer that best fits your needs
FHA credit score: As low as 580 with a 3.5 percent down payment or as low as 500 with a 10 percent down payment
FHA down payment: At least 3.5 percent down if your credit score is at least 580, or at least 10 percent down if your credit score is between 500 and 579
FHA debt-to-income (DTI) ratio: At most 43 percent (up to 50 percent in some cases)
FHA occupancy rules: Primary residences between one and four units
3.5% Down Payments
Jumbo & Super Jumbo Loans
Terms from 5 to 30 Years
-Lucila R.
“We decide to ask a question about what we need to fix our credit in order for us to get a house. We contact Ryan and right away he called us and give us some advise and in less than 3 days he got an answer. We are so excited because we do not need to wait 2 years for us to buy a house. We can do it now. Thanks Ryan for helping us make our dream come true..”
-Brittany H.
“Ryan was an excellent mortgage lender to work with while we were purchasing our home for the first time! Getting a loan felt very daunting, but Ryan really helped my husband and I walk through the process and gave helpful advice at different stages as interest rates continued to rise last fall. He was very flexible with our needs and communicative throughout the entire process. I highly recommend working with him and would definitely work with him again in the future!.”
