FHA Loans
For buyers who require broader financial regulations when securing a loan. These loans are perfect for prospective homeowners who have low credit scores, are in debt, or have financial records that contain bankruptcy and other financial issues.
Intro to FHA Loans
Loan Vault makes sure to get you the best rates regardless of circumstance. We know finding a loan with difficult financial backings is a burden. We work hard to help you get and keep your perfect home. Apply with us today to get peace of mind that you are finding your best rate in the market.
What is a FHA loan?
An FHA Loan is a government mortgage insured by the Federal Housing Administration (FHA). FHA Loans offer borrowers relaxed credit requirements and more flexible underwriting guidelines than conventional loans. In addition to purchase loans, refinance programs are available for FHA borrowers, non-FHA borrowers, and homeowners interested cash-out options. Up to 85% of the home’s current value can be taken out in cash with a refinance.
Is a FHA Loan Right For You?
Situations in which an FHA loan makes sense:
- Lower credit score requirements
- Lower down payment options
- Ability to roll closing costs into your loan