fha loans

An FHA (Federal Housing Administration) loan is a loan insured against default by the FHA. In other words, the FHA guarantees that a lender won’t have to write off a loan if the borrower defaults – the FHA will pay. FHA loans are not for everybody. Nevertheless, they are a great help to some borrowers. FHA loans allow people to buy a home with a down payment as small as 3.5%. Other loans might not allow such a low down payment.

Apply Online Today!

See Instant Live Rates And Closing Costs!

Choose your option and see rates upon completion.

PURCHASE A HOME REFINANCE MORTGAGE REFINANCE CASH-OUT

Who can get an FHA Loan?

Almost anybody can get an FHA loan. There are no income limits. However, there are limits on how much you can borrow. In general, you're limited to median home prices in your area. To find the limits in your region, visit HUD's Website. To qualify for an FHA loan, you'll need to have reasonable debt to income ratios. You don't need perfect credit but you will need to have a credit score of at least 620.

Features and Benefits of FHA loans:

580+ Score: 3.5% Down
No Score?: 3.5% Down
o Alternative credit sources required - Auto Insurance history - Cell phone payment history - Utilities payment history
Down payment can be a Gift from family
Post-bankruptcy qualifying - 2 years after.
Post-foreclosure qualifying - 3 years after.

Serving all of Utah, including these major metropolitan areas:

• American Fork • Bountiful • Draper • Herriman • Layton • Lehi • Logan • Millcreek • Ogden • Orem • Provo • Riverton • Salt Lake City • Sandy • South Jordan • Spanish Fork • St. George • Syracuse • West Jordan • West Valley City

Scroll