MORTGAGE.INFO LENDER HOTLINE: 888-581-5008 FHA loans are more popular with consumers than ever before. The FHA loan program is most often used for people who are first-time home buyers or people who have less than perfect credit – but those are not the only people who can take advantage of the FHA loan program. Individuals who have been through a foreclosure, short sale, or other financial hardship in the past, are other good candidates for the FHA loan program. For those who already have an FHA loan, the FHA streamline refinance is a great option that allows homeowners to reduce their monthly payment and interest rate. Types of FHA Loan Programs A few popular types of FHA loans include: 30 year fixed rate mortgage FHA streamline refinance FHA 203k rehab loan FHA adjustable rate mortgage FHA fixed rate mortgage FHA kiddie condo loan The most standard FHA loan is the 30 year fixed rate mortgage, however, that is not the only term that the FHA loan is offered– FHA loan terms can often come in 10, 15, 20, or 25 years, depending on your lender. Not every lender is FHA approved but if they are they are regularly subjected to strict audits by the government. No matter what FHA program is right for you, HUD has a network of FHA approved lenders who can help you. Not every lender is FHA approved but if they are they are regularly subjected to strict audits by the government. Click Here, to see what FHA program you qualify for and get matched with a lender. Getting The Best Deal Getting the best deal on an FHA loan is simple…shop around! There are multiple FHA lenders that can help you and each will have slightly different FHA guidelines. Guideline tweaks may require certain things like a higher credit score, a higher down payment, multiple appraisals, etc. And each FHA lender will have different rates each day. These constant mortgage rate changes and guideline adjustments allow a homebuyer to get multiple quotes from lenders. It is a great idea to do this, just make sure to get all the quotes put in writing and you will be able to compare various quotes and lenders. Since it is free to shop lenders, more consumers are understanding how to find the best deal on an FHA loan.

1. FHA Loan
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2. FHA loans are more popular with consumers than ever
before. The FHA loan program is most often used for
people who are first-time home buyers or people who
have less than perfect credit – but those are not the
only people who can take advantage of the FHA loan
program. Individuals who have been through a
foreclosure, short sale, or other financial hardship in
the past, are other good candidates for the FHA loan
program. For those who already have an FHA loan, the
FHA streamline refinance is a great option that allows
homeowners to reduce their monthly payment and
interest rate.
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

3. Types of FHA Loan Programs
A few popular types of FHA loans include:
30 year fixed rate mortgage
FHA streamline refinance
FHA 203k rehab loan
FHA adjustable rate mortgage
FHA fixed rate mortgage
FHA kiddie condo loan
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

4. The most standard FHA loan is the 30 year
fixed rate mortgage, however, that is not the
only term that the FHA loan is offered– FHA
loan terms can often come in 10, 15, 20, or 25
years, depending on your lender.
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

5. Not every lender is FHA approved but if they
are they are regularly subjected to strict
audits by the government.
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

6. No matter what FHA program is right for you, HUD
has a network of FHA approved lenders who can
help you. Not every lender is FHA approved but if
they are they are regularly subjected to strict
audits by the government. Click Here, to see what
FHA program you qualify for and get matched
with a lender.
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

7. Getting The Best Deal
Getting the best deal on an FHA loan is
simple…shop around! There are multiple FHA
lenders that can help you and each will have
slightly different FHA guidelines. Guideline tweaks
may require certain things like a higher credit score,
a higher down payment, multiple appraisals, etc.
And each FHA lender will have different rates each
day.
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

8. These constant mortgage rate changes and
guideline adjustments allow a homebuyer to get
multiple quotes from lenders. It is a great idea to
do this, just make sure to get all the quotes put in
writing and you will be able to compare various
quotes and lenders. Since it is free to shop lenders,
more consumers are understanding how to find
the best deal on an FHA loan.
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

9. T O L E A R N M O R E
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C L IC K HE R E
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10. Justin McHood is Americas Mortgage
Commentator and has been providing
Mortgage commentary for over 10 years.
INFORMATION PROVIDED BY:
Justin McHood
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