What is an FHA Loan?
FHA loans are an attractive option, especially for first-time homeowners because it is insured by the Federal Housing Administration (FHA). Primarily, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments. Typically the borrower can be approved with 3.5% down vs 20% that is required on other loan programs.
What are the Advantages of an FHA Loan?
FHA Loan Eligibility and Requirements
Mortgage Insurance Premiums
How Can We Help?
With Aurelio Cabrera – New Home Mortgage, we know all about FHA loans and can see if it is the right fit for you. If you are located in Miami, Kendall, Homestead, or anywhere in the state of Florida, please contact us today to get started.