FHA Home Financing

Get Key Info on FHA Purchase Loans & Mortgage Programs

If you are buying a home in this market you should consider the government option with FHA mortgage financing. The Federal Housing Administration has been insuring home loans since 1934. American borrowers love FHA financing because it only requires a small down-payment of 3.5% and the credit guidelines are much more flexible than compared to conventional home mortgages. Consumers also like financing with FHA because interest rates are low and the lending costs are very reasonable. Lenders also like the fact that the U.S. government shoulders some of the risk by insuring FHA financing. This enables mortgage companies to originate FHA purchase loan volumes at a rapid pace because of the security that comes with mortgage insurance premium.

 

There is a reason why first-time buyers choose FHA for home financing almost 2 to 1. The Federal Housing Administration has remained true to their commitment to ensure that Americans get better access to affordable financing and fair lending. We provide FHA purchase loans in all 50 states to qualified applicants seeking government financing. Borrowers must pay mortgage insurance monthly with FHA financing, but it's a small price to pay to become a homeowner in the United States of America. FHA purchase loans were initially intended for buyers who would not have access to other traditional finance programs.

FHA Insures Mortgage Financing so that Americans Get Affordable Loans

FHA vs Conforming Loans

The fact is that FHA has made a significant effort to stimulate home buying over the last decade. Whereas Fannie Mae and Freddie Mac have put on the breaks for low down-payment loans and mortgages for people with less than perfect credit.

We provide FHA purchase loans in all 50 states to qualified applicants seeking government financing. Borrowers must pay mortgage insurance monthly with FHA financing, but it's a small price to pay to become a homeowner in the United States of America.

Pros and Cons of Financing a Home with FHA in 2018

FHA home finance loans may be a perfect option for some, but not the best route for others. Before buying a house, it is always best for any prospective home buyer to research all of their finance options before deciding on which is the best financing path for them. While FHA home financing comes with many incredible benefits, there are also some cons that home buyers will find unsuitable for their home buying needs.

Some of the pros of financing a home with an FHA home mortgage are:

  • Low financing interest rates
  • No credit or low credit applicants are often still approved
  • Down payment rates as low as 3.5%
  • Gift funds are allowed when financing a house with FHA
  • Closing costs are often allowed to be covered

 

Home Finance Help

Buying a house can be the most important financial decision of your lifetime. We suggest reading up the latest finance opportunities and knowing your credit before shopping interest rates with lenders online. Get some help with home loan financing tips from our blog.

New FHA Mortgage Requirements for Home Buying

FHA Mortgage for Bad Credit
Down-Payment Requirements
on a FHA Loan

Getting a Pre-Approval Letter for a Home Loan with FHA

FHA Loan Qualification

Mortgage for a First Time Home Buyer

2015 FHA Loan Limits in California

CALHFA Down Payment Assistance for Home Buying in California

Why do First Time Homebuyers Like FHA? – Get the inside scoop on why people in the U.S. have been choosing FHA home financing for over 80 years!

Did you know that the Homeowner's Protection Act is not applicable to government loans like FHA or VA? Make sure you understand the significance of getting a FHA purchase loan before making a commitment.

Housing and Uran Development


Additional Loan Pages for FHA Financing:
Government Mortgage | FHA Mortgage Rate Refinance | 97% FHA Refinance Loans | FHA Mortgage Loans for Fair Credit Refinancing |
FHA Refinance | FHA Loan Requirements | Bad Credit Mortgage | Home Purchase Loans | FHA Mortgage Limits by State | Bad Credit FHA Loans | First Time Home Buyers with FHA | Get Pre-Qualified for a FHA Mortgage | Down Payment Requirements on a FHA Loan | Pre-Approval Letter for a Home Loan with FHA | FHA Loan Qualification | Refinance Mortgage Loans with FHA
More Popular FHA Articles:
Subordinate 2nd Mortgage & Refinance with FHA | NO Credit Score FHA Mortgage Loan | FHA Mortgage with No Early Payoff Penalty |
FHA Loan for Bad Credit | Fixed Thirty Year FHA Mortgage | 30-Year FHA Rates
Apply Now | Disclosures and Terms | FHA Mortgage
BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024
Please be aware that this is not an advertisement for credit. Nothing on this site contains an offer to make a specific home loan for any purpose with any specific terms. This is a web-site and no loans can be guaranteed as loans and rates are subject to change. Copyright © 2001-2018, BDnationwidemortgage.com. All rights reserved. Do not duplicate in any form. FHA financing guidelines and home buying requirements can change without notice.