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More Information on FHA Loans

FHA Home Loans are a great option for borrowers who have less than perfect credit, are seeking a small or no down payment loan, and cannot qualify for a VA loan at this time. Just because you are not a qualifying Veteran or Active Duty service member, this does not mean there isn't a government-backed loan solution waiting for you. Utilize your options using an FHA Home Loan, and achieve the home of your dreams!

In addition to the benefits shown here, FHA Mortgage Loans also offer borrowers the following features:

• The FHA modernization policies currently going into effect help pre-existing homeowners refinance their current loans up to 125% of the value of the home. This allows borrowers to include closing costs and fees in their loans and maintain the option to refinance down to an affordable interest rate.
• This act also helps homeowners living in areas where home value has dropped and who may find they owe more on their home than it is currently worth. Refinancing may not have previously been an option for homeowners living in an areas of economic decline because lenders want to see some equity or value in the home before they will refinance to a lower interest rate. However, with the new Act, the FHA is allowed to qualify homeowners for up to 125% of the value of their home, which means homeowners are now more likely to qualify for a refinance, even if the values of their homes have decreased.
• If you are a homeowner or plan to purchase a home, you should contact an FHA-approved lender. The FHA's new guidelines can help existing homeowners refinance into lower interest rate loans with better terms, and they can help new home buyers get an affordable loan for the area in which they are looking to buy a home.

Discovering the Benefits of FHA Financing

Read on about the benefits of FHA Mortgages by visiting FHA Mortgage Center.com. The HUD's website is also a fantastic resource for learning about the ins and outs of the program.