It cannot be emphasized enough that FHA loan programs are known for their flexibility as homeowners can choose an FHA loan program that would fit their lifestyle, needs, and wishes. BestFHALender.com is a one-stop shop offering useful information about FHA loans and enabling customers to shop for multiple lenders.

1. ONLY
BEST
the
BESTFHALENDER.COM

2. is an agency that provides insurance on
mortgage loans made by approved lenders
all throughout the country and territories.
With over 34 million properties insured, it is
the largest insurer in the world.
The Federal Housing Administration

3. The FHA Loan Advantage
Compared to traditional loans, it’s easier
to qualify for an FHA loan.
An applicant only needs to get a FICO
score of 580 to be considered eligible for
maximum financing. Even those with a
credit rating between 500 and 579 can
still get approved, albeit with higher
interest.

4. FHA Loan Requirements
Steady employment history for the past two years
Valid Social Security number
Proof of United States residency
Of legal age to sign a mortgage in your state
Use the purchased house as the primary residence
Approval from an FHA-approved appraiser.

5. FHA Loan Options
Fixed Rate
Adjustable Rate
Secure Refinance
Reverse Mortgage
Energy Efficient Loans
Graduated Payment Mortgages
Growing Equity Mortgage
Condominium Loans

6. FAQs for Borrowers
What
is an
FHA loan?
A mortgage backed by the Federal Housing
Administration or FHA and designed to help
families and individuals with moderate means
and not-so-great credit scores finance the
purchase of their own home.

7. FAQs for Borrowers
How do I
qualify for
an FHA loan?
FHA loans are known for their flexible and
less stringent requirements. As a general
rule, a borrower must maintain a FICO score
of 580 to take advantage of lower down
payment. Click here for more info.

8. FAQs for Borrowers
How much is
the minimum
down
payment?
A hallmark feature of FHA loans is the low
down payment that can go as low as three
and a half percent of the home’s purchase
price.

9. FAQs for Borrowers
Where can I
apply for an
FHA loan?
You can take out a loan with any FHA-
approved lender. Remember, lenders will
impose varying requirements, interest rates
and fees related to the processing and
approval of the loans.

10. FAQs for Borrowers
Can I
refinance an
FHA loan?
Yes, FHA loans can be used to refinance an
existing/current mortgage. The Streamline
Refinance program aims to lower the
monthly payments toward the existing
mortgage.

11. FAQs for Borrowers
Is “financial
hardship
relief”
available?
Yes. In the event a borrower runs into
financial difficulty that would make it hard
for him/her to make the required monthly
payments, FHA loan servicers can provide
relief to that borrower.

12. Finding the
Best FHA Lender
BestFHALender.com is a one-stop shop offering
useful information about FHA loans and enabling
customers to shop for multiple lenders.
Click here to learn more

13. Information Provided by
JUSTIN MCHOOD
He is Americas Mortgage Commentator
and has been providing Mortgage
commentary for over 10 years.

14. LEARN MORE ABOUT MORTGAGE.INFO
MORTGAGE.INFO
FACEBOOK.COM/WWW.MORTGAGE.INFO/
@_MORTGAGEINFO
PINTEREST.COM/MORTGAGE_INFO/
LENDERS HOTLINE: 855-531-7677