Loan Products and Programs | FHA Loan

  • December 2019
  • Posted By: Michael Leake

FHA Loan near Virginia Beach or within Virginia?

There are many different mortgage providers, from globally known brands to more localized institutions. The range of choice means that you need to do a bit of research in advance to understand how to make an educated decision about which loan suits your financial needs.

FHA Loan

Loan Products and Programs - FHA Loan

For many Americans who consider owning a home as part of the quintessential American Dream, the FHA enables them to accomplish their goals of home ownership with very little money down. In fact, many borrowers can get FHA loans with as little as 3.5% down. FHA loans are insured by the federal government with discounted mortgage insurance premiums (FHA MIP) paid for by borrowers.

FHA Loan Benefits

FHA loan benefits

  • Low down payment (only 3.5% down)
  • Great option for less than perfect credit borrowers
  • Closing costs and fees can be included in the loan

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