How to qualify for an FHA Loan?

How to qualify for an FHA Loan

Securing a home loan can be stressful.  Being successful in obtaining a loan depends on things like your credit, work history, and available assets, among other factors. The Federal Housing Administration created the FHA loan in 1934 to help increase homeownership and insure mortgage loans from private lenders, which helped promote lending to individuals with a less than perfect credit history.

FHA loans allow homebuyers to provide a small downpayment while still securing a mortgage at a competitive interest rate. An FHA-approved lender like Butler Mortgage can help you acquire your FHA loan. Lenders are comfortable offering FHA loans because the FHA insures the mortgages.

Qualifying for an FHA Loan

In order to qualify for an FHA loan, you will need to meet certain criteria that includes:

Choose Butler Mortgage for Your FHA Loan Needs

Butler Mortgage is your local FHA-approved lender. We have worked with many of your neighbors in Central Florida since we first opened our doors in 1994, and built a business on trust. We understand every customer is different, and we are committed to finding a mortgage product that best suits your needs. Contact us today at 407-931-3800 or online to request a free consultation.

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