An option to compare when conventional financing is a tougher fit.
FHA loans are insured by the Federal Housing Administration. Qualification standards are generally more flexible than conventional loans, but your income, credit, down payment, and property still need to meet the applicable requirements.
- FHA mortgage insurance adds to the cost of the loan.
- The property must satisfy applicable FHA requirements.
- Your required down payment and loan limit depend on the borrower, location, and program rules.
Look at the complete payment and mortgage insurance costs alongside other options.
Ask Ben about FHAHow does FHA differ from conventional financing?
FHA loans are federally insured and generally have more flexible qualification standards than conventional loans. That does not make FHA the best fit for every borrower. Compare both options using the full payment, upfront costs, and applicable requirements.
Does FHA mortgage insurance affect my payment?
Yes. FHA mortgage insurance adds to the cost of the loan. Ask for the applicable upfront and ongoing costs, whether any amount is financed, and how those costs compare with the conventional options you qualify for.
What should I review before choosing a home?
Confirm your financing budget and the property requirements that apply to your loan. Your loan limit and required down payment depend on the location, borrower, and program rules. Ben can help you identify the details to review before moving forward.
Let’s review your options.
Call 770-841-1532 or email Ben to compare your goals, the payment, and the cash needed.
How to compare your home loan options · Compare all loan types
Program overview and resources
General program information, not a commitment to lend. Eligibility, availability, rates, fees, and terms depend on the borrower, property, lender, and applicable guidelines. Calculators are illustrative and may not reflect this program’s full costs.