We have loans available for most
credit profiles.
What does FHA mean to you?
FHA mortgage
A mortgage that is insured by the
Federal Housing Administration
(FHA). Also known as a government
mortgage.
FHA LOANS (Federal Housing Administration)
FHA loans are available to
help people who can't necessarily
afford a 10% down payment on their
new home. If approved, the Federal
Housing Administration will cover up
to 97.75% of the purchase price,
thus bringing the down payment to a
low 3-5%.
Who Qualifies?
Luckily, you don't have to have
squeaky clean credit to be
approved. FHA approval is dependent
on your overall debt-to-income
ratio. If your debt-to-income
ratio is below 41% there is a good
chance you will qualify. However,
if you live in a city where even
first-time buyers are paying over
$180,000 for a house, your chances
of being approved are limited.
