FHA Loans


FHA loans are home loans backed by the Federal Housing Administration (FHA), a government agency created to help home buyers qualify for a mortgage. This type of mortgage provides mortgage insurance on loans made by FHA-approved lenders, protecting them from the risk of borrower default.

Due to these protections in place, they can afford to be more lenient when offering mortgages. This means it’s possible to get an FHA loan with a lower credit score and a bit more debt than other types of loans.To offset this, FHA loans will typically include mortgage insurance as part of the borrower’s responsibility.

These loans are insured by the Federal Housing Administration (FHA). The FHA protects lenders against defaults on payments. This makes it easier for you to qualify, and allows lenders to offer lower interest rates

gold star

Lower Score Needed For Approval

Have a minimum credit score of 580 with a down payment as low as 3.5%

gold star

Utilize Gift Funds

You can utilize gift funds for up to 100% of your downpayment.

gold star

Rebound from Financial Trouble

You can qulify for these types of loads after foreclosure or bankruptcy after a few years of consistently good credit.

Reach out to out team to discuss your options

Whatever direction you are trying to go, our experienced mortgage team will help you analyze which option is best for your short and long-term goals.

Call Us: 561-420-0001
Email Us: dtaylor@mortgagebizfl.com

Mortgage Biz Florida

A Florida Licensed Mortgage Brokerage. Closing Loans and Opening Doors.

NMLS#: 1497456