FHA Loans

Make Homeownership Possible with Government-Backed FHA Loan Options

FHA loans are government-insured mortgages designed to make homeownership more accessible—especially for buyers with lower credit scores or limited savings. With more flexible qualification standards than conventional loans, they offer a strong financing path for a wide range of homebuyers.

Myths and Facts

First-Time Home Buyers

  • Myth: FHA loans are only for first-time homebuyers.
  • Fact: FHA loans are open to all qualified buyers—not just first-timers—though they’re especially popular among them.

Multi-Unit Properties

  • Myth: You can’t use an FHA loan to buy a multi-unit property.
  • Fact: You can purchase up to a 4-unit property with an FHA loan—as long as you live in one of the units as your primary residence.

Loan Eligibility

  • Myth: FHA loans are harder to qualify for.
  • Fact: Quite the opposite—FHA loans are designed to help buyers with modest credit scores or smaller down payments become homeowners.

Insurance Requirements

  • Myth: FHA loans don’t require mortgage insurance.
  • Fact: FHA loans require both an upfront mortgage insurance premium and annual premiums paid monthly by the borrower.

Down Payments

  • Myth: FHA and conventional loans require the same down payment.
  • Fact: FHA loans allow down payments as low as 3.5%, while most conventional loans require 5% or more from repeat buyers.

What Is a Federal Housing Administration (FHA) Loan?

An FHA loan is a government-insured mortgage offered through approved lenders, designed to support low- to moderate-income buyers. With lower down payment requirements and more flexible credit guidelines, it’s especially helpful for first-time buyers and those rebuilding credit.

Benefits of FHA Mortgage Loans

  • Great for First-Time Buyers: Easier qualification and low down payments make it ideal for entry-level homeownership.
  • Lower Interest Rates: Government backing often leads to more favorable rates than many conventional options.
  • Home Improvement Options: FHA loans can include financing for needed repairs, based on the home’s post-renovation value.
  • Gift Fund Flexibility: You can use gifted funds for 100% of your down payment—no personal savings required.

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  • Phone Number

    (800) 396-1496

  • Email Address

    approval@todayshomemortgage.com

  • Address

    27 Orchard rd # 111, Lake Forest, CA 92630

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