What are FHA Mortgages?
The Federal Housing Administration (FHA) is part of the U.S. Department of Housing and Urban Development (HUD). Their function is to insure mortgages made by FHA-approved lenders on single family homes and multifamily properties.
It’s easy to understand why many people looking for a new home are turning to FHA loan programs. FHA backed Home Loans are ideal for first-time homeowners as they offer a down payment of as little as 3.5% and allow higher Debt-to-Income Ratios over Conventional Financing.
New Changes in FHA Loans
In response to the growing housing situation in the United States the loan limits for FHA Loans has been temporarily raised. Depending on where you live you might find it even easier to qualify for a FHA loan.
As FHA Loan specialists we can help you understand any new changes to the FHA loan program. We’re here to create a customized solution that works best for you and your family. To learn more call us at (949) 800-8855 or contact us via email by clicking here.
These materials are not from HUD or FHA and were not approved by HUD or a government agency.
