WHAT FHA DOES
FHA does not give money to people for a home and it does not set the interest rates on mortgages it insures. FHA insures loans for lenders against defaults. For the best interest rate and terms on a mortgage, you should compare mortgages from several different lenders. An FHA-approved lender can help you start the loan application process.
You may use an FHA-insured mortgage to purchase or refinance a new or existing 1-4 family home, a condominium unit or a manufactured or mobile home (provided it is on a permanent foundation).
FHA Home Loan allows borrowers to mortgage up to 97% of the purchase price or appraised value of their home. So whether you need to refinance your mortgage up to 95% of its value or if you are looking to purchase with little or no money down, FundAmerica Mortgage Company can help make your dreams possible!
FHA home loans provide an opportunity for homeowners with bad credit to lock affordable fixed rate mortgages with no pre-payment penalty. We are a HUD approved FHA mortgage company offering discounted interest rates for FHA streamline, cash out refinancing and FHA loans for first time home-buyers. FHA mortgage loans assist existing homeowners convert their ARM to a reduced rate refinance loan that ensure a set fixed payment every month until the mortgage is paid off.
FHA LOAN PROGRAMS
-HOPE for Homeowners
-Manufactured Home Loans
-Energy Efficient Mortgages
-More efficient Lender Insurance
-HECM (reverse mortgages)
-Good Neighbor Next Door...
Advantages of doing your FHA Loan with our Experts at FundAmerica Mortgage Company:
It Is Easier To Qualify: Because FHA insures your mortgage, lenders may be more willing to give you loan terms that make it easier for borrowers to qualify.
Lower rates: An FHA loan has competitive interest rates because the Federal government insures the loans for lenders.
If you have less than perfect credit: You do not have to have perfect credit to get an FHA mortgage. In fact, even if you have had credit problems, such as a bankruptcy, it's easier for you to qualify for an FHA loan than if you were to try to obtain a conventional loan.
More protection to keep your home: The FHA has been around since 1934 and will continue to be here to protect you. Should you encounter hard times after buying your home, the FHA has many options to help you keep you in your home and avoid foreclosure.
To apply for an FHA Loan select the "FREE CONSULTATION" tab located at the top left of this page.
FHA Mortgage programs are a Federal Housing Administration program offered through FHA approved lenders. The FHA does not provide loans directly to consumers; instead they insure the loans that our lenders assist people in getting.