FHA Loans
Making Homeownership Achievable.
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!
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See all of our financing productsWhy 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.
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Industry leading loan options
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Simple pre-qualifications and application processes
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Loans for everyone, from seasoned investors to first-time buyers
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Putting power back into underserved communities