What is an FHA loan?

An FHA loan is issued by an approved lender and insured by the Federal Housing Administration. FHA financing is generally intended for eligible primary residences and may offer more flexibility than some conventional programs.

FHA loans include mortgage-insurance requirements, and the borrower and property must meet applicable program and lender guidelines.

This option may be worth exploring if you:

• Plan to purchase and occupy the property as your primary residence.

• Want to explore a lower down-payment option.

• Need a program that may offer flexibility around credit history.

• Are prepared for the property appraisal and FHA eligibility requirements.

Common uses

• Purchasing an eligible primary residence.

• Financing certain eligible property types.

• Refinancing an existing eligible mortgage.

• Exploring a path to homeownership with FHA-insured financing.

What to expect

The review may consider credit, income, assets, debts, employment, occupancy, property condition, and other FHA and lender requirements. FHA mortgage insurance is part of the program and affects the cost of the loan. I will explain the available options and help you prepare for the application process. Approval, pricing, and final terms depend on lender underwriting and current program rules.

Homeownership may be closer than you think.

Let’s review your goals, budget, and timeline to determine whether an FHA or another loan program may fit your situation.