FHA Loans Explained and Delivered

Federal Housing Administration (FHA) Loans have returned to the lending market as a smart option for home financing for first time home buyers and those with less than perfect credit. At FHA Mortgage Center.com, we provide expert resources to consumers through a wealth of information on FHA home financing.

Each of our FHA Specialists are fully trained in the HUD-insured loan industry. We can help you:

  • Find all the information you need on FHA Guidelines to see if you qualify for an FHA Loan
  • Determine the options and money saving benefits available to you with FHA Financing

How Can We Help You?

I Want to Get Started Now:

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I want a FHA Home Loan or Refinance quickly. I want to get the best rate, with the least amount of work. How can FHA Mortgage Center.com provide me with the best solution? Learn ->>

I am a First Time Home Buyer:

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I am a first time home buyer. I need assistance and want help getting the best deal. I want to know how a FHA loan will work and what I need to do. Learn More ->>

I Want Personal & Reliable Assistance:

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I have a lot questions and would like to work directly with a FHA Specialist. How do I connect with a Specialists who can help my family through the loan process? Learn More ->>

I'm Deciding Between a Conventional and FHA Loan:

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I need to decide between a FHA Loan or a conventional loan. What benefits do FHA Loans have to offer? Will FHA Mortgage Center.com be able to help me? Learn More ->>

FHA Loans by State

Previously Denied by your Local Bank?

Just because you have been denied a loan at your local bank doesn't mean you can't qualify for a FHA Loan.

FHA Mortgage Center.com offers the same FHA Loans as your local bank-only we're experts in FHA. Many local banks lack the experience to process FHA Loans correctly. Our FHA Specialists handle FHA Loans every day and know it can be easier to qualify for an FHA Loan than a conventional loan. Answer a few questions to see if one of our FHA Specialists can find a solution for you.

More Information on FHA Mortgages

Choose an FHA Loan and Save Money. Choosing FHA Financing for your home loan is a wise decision. The costs associated with the FHA Loan Program differ from other types of home financing. Benefits may include the following:

  • Smaller down payments
  • Attractive interest rates
  • Allowance of gift funds
  • 6% seller contributions
  • Lower closing costs

All of these benefits mean less money is required from you at the closing table!

By definition, FHA financing is a government-insured loan program that delegates loan approval to approved lenders. Because your loan is insured by the HUD, lenders such as FHA Mortgage Center.com can often offer you lower interest rates.

Costs Associated with FHA Loans

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Costs associated with a FHA Loan differ slightly from those associated with a conventional loan, and you will need to consider the down payment requirement. While the FHA requires 3% of the sales price be contributed to the loan transaction, this amount can be a combination of your down payment and your approved closing costs. The down payment can also come in the form of a gift, provided the gift is received through a grant or the donor is a relative, significant other, or employer. The 3% contribution cannot be paid by the seller or lender. Our FHA Specialists can help you understand these requirements.

Changes in the Housing Market Make FHA the Right Choice

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After the fallout of the subprime and Alt-A loan markets in 2007, FHA Loans have received a new shot of energy throughout the housing market. Lenders, realtors, politicians, and investors have all issued statements championing the return of the FHA Home Loan Program to its rightful place in helping Americans purchase homes.

Borrowers,like you, who once would have been better off in a conventional mortgage, may now find a FHA Home Loan to be the cheapest and safest option for securing a home.

FHA Refinancing

FHA Refinancing is poised to save hundreds of thousands of Americans from foreclosure. We can help homeowners lower their interest rates, lower their monthly payments, or even take cash out with a FHA Refinance.

If you currently have a FHA Loan or any conventional mortgage and would like to learn about FHA Refinancing, we can help you. Our company has years of experience working with FHA Refinancing options. We are here to help you lower your monthly loan payments and stay in your home.

FHA Resources

Browse through our extensive collection of daily updated, FHA Lending articles and Help Guides for first time home buyers. If you need help finding FHA Loan Limits and requirements across the country, or want to know how much you can qualify for, we are here to help.

Our specialists can also help explain what FHA Home Loans can offer, how they stack up against other forms of financing, and how they compare to the well-publicized perils of subprime mortgages.

No matter what program you decide to use for your home loan, the basic terminology is something all home buyers need to be familiar with. You can use our new FHA Loan Term Glossary to learn and become comfortable with the financial terminology you will encounter with any home loan.

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