FHA Loans – Granite Funding

FHA Loan

Your First Step to Home Ownership

An FHA Loan is a mortgage insured by the Federal Housing Administration (FHA), designed to help homebuyers with lower credit scores or limited savings for a down payment. These loans are popular among first-time homebuyers because they have more lenient qualification requirements compared to conventional loans

Low Down Payment

Down payments can be as low as 3.5% of the home’s purchase price.

Flexible Qualification

Easier to qualify for compared to conventional loans, especially for first-time homebuyers.

Lenient Debt-to-Income Ratio

More forgiving on your debt-to-income ratio, making it easier to qualify.

Government-Backed

The FHA insures the loan, reducing the risk for lenders and potentially offering better terms.

Assumable Loans

FHA loans can be transferred to a new buyer, which can be a selling point if you decide to move.