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What is an FHA Loan?

FHA loans are mortgages insured by the Federal Housing Administration, a federal agency within the Department of Housing and Urban Development. Because FHA loans are government-assisted and insured, they are more accessible for borrowers (compared to conventional loans).



Why Choose an FHA Loan?

An FHA loan is a great option if you want to put less money down, don’t have enough savings built up for a conventional loan requirement of 20% down, or have a lower credit score. It’s important to note that while FHA loans require borrowers to pay for mortgage insurance (since they’re government-backed), they serve to provide homeownership opportunities for many home buyers who don't qualify for conventional financing!


FHA Loans Make Homeownership Achievable:

  • Low down payment requirement (as low as 3.5%)
  • Flexibility on debt-to-income ratio
  • Qualify with less-than-perfect credit
  • Down payment funds from family/friends allowed
  • Purchase or refinance loan options available


Apply for an FHA Loan Today!



Why Newrez?

Newrez believes the lending business shouldn't just be about home loans - it should be about homeowners. That's why our employees get to know our customer's real needs, through final closing, and beyond.

  • Industry leading loan options

  • Simple pre-qualifications and application processes

  • Loans for everyone, from seasoned investors to first-time buyers

  • Putting power back into underserved communities