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FHA Home Loans

Low down payment and down payment assistance options along with a variety of flexible credit requirements open the door for many buyers using FHA home loans.

Unlock the Key to Homeownership with FHA Loans

Tired of paying rent and ready to own a home? FHA loans are here to help you make that dream come true! FHA loans make it possible for you to buy your dream home with a low down payment and flexible credit requirements. Plus, you can use gift funds from relatives, employers, unions, government agencies, and even friends to cover your down payment and closing costs. FHA loans are backed by the Federal Housing Authority (FHA), which means you’ll have to pay mortgage insurance. The premiums for this insurance help protect lenders in case of default. But with an FHA loan, you’ll only need to pay 3.5% down, making it easier for you to purchase your dream home. So why wait? FHA mortgage loans are here to help you make your homeownership dreams come true!

FHA

Why an FHA Loan?

FHA loans offer low closing costs, flexible credit requirements, and low down payment options - perfect for first-time home buyers. They can also be attractive for buyers who are looking to finance their home with less cash out-of-pocket and who may have lower credit scores. FHA loans can be a great option for anyone looking for their forever home.

FHA Loan Qualifications

You don't need a large down payment saved or perfect credit to qualify for an FHA loan.

If you're looking for a home loan with a smaller down payment and more flexible credit requirements, an FHA loan may be the perfect option for you. This federal loan program allows you to finance up to 96.5% of the home's value or purchase price (whichever is lower).

To be eligible for this loan program, you must have a credit score of over 580 and a maximum debt-to-income ratio of 55%. Your loan officer will review your financial and credit history to make sure you meet the requirements for this loan program. With an FHA loan, you can rest assured knowing you've got a great loan option to help you buy your first home.

Apply for an FHA Loan

Start your journey to homeownership today. Our team will expertly manage your loan application and help you secure your dream home.

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Our company is not endorsed by, nor acting on behalf of or at the direction of the U.S. Department of Housing and Urban Development, Federal Housing Administration, U.S. Department of Agriculture, Veterans Administration or the Federal Government.

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ShayMak Mortgage, LLC, NMLS #1989312. All Rights Reserved. Some loan products may not be available in all states. Terms, rates, and fees subject to change. Please speak with one of our loan originators for more detail.

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