It is a fact: FHA loans have been helping borrowers like you become homeowners who achieve the American dream since 1934. Operating under the umbrella of the Housing and Urban Development (HUD), the Federal Housing Administration (FHA) insures the loan, so your lender can offer you a better deal.
An FHA loan is a mortgage loan insured by the Federal Housing Administration (FHA). Lenders like Heroes First Home Loans work with FHA to help would-be first-time home-buyers buy a home with an affordable loan with a low down payment.
Would-be homeowners looking to enter the purchase game for the first time in their lives are perfect candidates for the FHA loan. You can buy your first home with a low down payment—as little as 3.5% of the purchase price. Most of your closing costs and fees can be included in the loan.
If you have been challenged by economic events that rattled your core and have begun to rebuild your creditworthiness, you may be ready for another shot at home ownership through an FHA loan. This is also possible if they get a conventional loan. You don’t need to be a 1st time home buyer.
Heroes First Home Loans can explain different types of FHA loans and explain how they work, then help you secure the funding that fit your unique needs. At Heroes First Home Loans, you get one mortgage originator, one lender relationship, because we don’t believe you should have to re-explain your situation with every conversation.
*All loans are subject to underwriting or investor approval. Other restrictions may apply. This is not an offer of credit or a commitment to lend. Guidelines subject to change.