FHA Home Loan
An FHA home loan can make homeownership a possibility for you.
About the FHA Home Loan
An FHA home loan is a federal assistance mortgage that the Federal Housing Administration (FHA) insures. Though an FHA home loan is insured by the federal government, the actual loan can be issued by any federally-qualified lender.
The FHA home loan program began in the Depression era to supply lenders with adequate insurance against foreclosures and defaults. Historically, the purpose of an FHA home loan was to help low and middle-income Americans buy a home they could not otherwise afford. As the FHA home loan has evolved over time, it has become geared more toward people who cannot make a traditional down payment or do not qualify for private mortgage insurance.
Getting an FHA Home Loan
Remember that the FHA doesn't actually provide home loans. Instead, it insures mortgages supplied by private lenders. Thus, the first step to securing an FHA home loan is to contact private mortgage lenders who will originate an FHA home loan. Lenders set their own rates and terms, so it's especially important that you shop around for the best deal.
That is where we can help. On our site, we will supply you with at least four quotes on your FHA home loan, so the comparison shopping is done for you. We can match you with lenders who will originate your FHA home loan, and you can compare their quotes on rates and terms to decide which is best for you. Our lenders have to compete for your business, so they have extra incentive to supply you with the lowest FHA home loan quotes possible. You see our lenders' quotes in an easy-to-compare, side-by-side format to make your decision as easy as possible.
Apply for an FHA Home Loan Here
If you don't have much money for a down payment, don't have perfect credit, and/or are a first-time homebuyer, an FHA home loan could substantially reduce the cost of your mortgage. An FHA home loan could put you into a house you couldn't otherwise afford.
You can apply here for an FHA home loan by clicking "continue." This will take you to our short, free application. We ask you for some basic information, and then supply you with quotes on FHA home loans from major lenders. You get these quotes free of charge and with no obligations.
Apply now for an FHA home loan and get into the home of your dreams!