FHA home loans are mortgage loans that are insured against default by the Federal Housing Administration (FHA). FHA loans are available for single family and multifamily homes. These home loans allow banks to continuously issue loans without much risk or capital requirements. The FHA doesn't issue loans or set interest rates, it just guarantees against default.
FHA loans allow individuals who may not qualify for a conventional mortgage obtain a loan, especially first time home buyers. These loans offer low minimum down payments, reasonable credit expectations, and flexible income requirements.
Should I get an FHA Loan?
If your credit score is a work in progress, an FHA loan could be a faster path to homeownership. Reach out to see how we can help. Enter your information on the Get A Quick Quote section on the lower right of the home screen and get the info you need!
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 727170
www.nmlsconsumeraccess.org
NEXA NMLS 1660690
AZMB#0944059
www.nexamortgage.com
3100 W Ray RD
STE 201 Office # 209
Chandler, AZ 85226
Phone: (626) 415-8210
Lpoux@nexamortgage.com
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