FHA

You may have heard a lot about FHA loans lately, but what exactly is an FHA loan and how is it different from any other type of loan?

The Federal Housing Authority (FHA) was created in 1934 to help expand home ownership.  Prior to the FHA’s creation, most lenders required at least a 50% down payment and most loans were on a short 3 to 5 year term with the entire balance coming due at the end of the term.  This is why, prior to 1934, 6 in 10 American households rented their home. 

Today, FHA programs are designed to help both first time and experienced home buyers purchase their primary residence with very little money down. 

The FHA is not a lender and does not actually make home loans.  The FHA insures the new home loans that we can assist you in obtaining.  FHA insurance minimizes the risk lenders face when buyers put down less than 20 percent of the purchase price as a down payment. 

To learn more about the details of FHA loans, please click any of the tabs on the left.

Click Get Started to view your new FHA rate and payment. 

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