What is FHA? FHA stands for Federal Housing Administration, a program that insures loans but does not provide them. As a company of talented mortgage brokers, East West Mortgage is dedicated in helping consumers achieve an FHA home loan. We understand that there are tons of mortgage loans out there, and through this world maze of mortgage loans, we want to make sure our consumers are well known about the FHA loan program.
Purpose for an FHA Home Loan
The Federal Government emphasizes on expanding home ownership and home buying opportunities to consumers through the Federal Housing Administration (FHA) loan program. Many different benefits can be applied to FHA loans such as: buying your first home, remodeling your current home, or fixing an investment property.
What You Can Expect
With no money down, mortgage lenders can lend up to $417,000 under the FHA home loan program. If you are stuck in a situation where you are on a shortage of down payment funds to buy a home or just a first time home buyer, then you should really consider looking into an FHA home loan. FHA home loan requires a down payment of as little as 3% of the purchase price of your home. A major plus about this mortgage loan is that the closing fees are included.
Get the inside details on an FHA home loan by consulting with one of our FHA home loan professionals today. You can get in contact with us through our toll-free number at 1-800-880-4202.
