FHA Mortgage Loans
Get a No Obligation quote on an FHA Loan—Potentially Save Thousands!
The Lowdown on FHA Loans…
Our FHA Loan Rates Are Low & Our Process is Quick & Painless
An FHA loan is a mortgage that is insured by the Federal Housing Administration (FHA). This insurance protects FHA-approved lenders by reducing their risk of loss if a borrower defaults on their mortgage payments.
The FHA program was established during the 1930s in response to widespread foreclosures and defaults. Its goal was to provide lenders with adequate insurance while also making mortgages more accessible and affordable, helping to stimulate the housing market.
We’re here at Mortgage Bee to simplify the FHA home loan process for you, using tools and expertise to guide you every step of the way, starting with our No Obligation, FHA Loan Qualifier.
We’ll help you compare different loan programs so you can choose the one that fits your needs, whether you’re a first-time homebuyer or a seasoned investor.
The FHA Loan Process
How our FHA Loan Process Works:
- Complete Our FHA Loan Qualifier: Start by filling out a simple form to assess your eligibility for an FHA loan.
- Gather Required Documents: You’ll need to provide basic documents, such as proof of income, employment history, and credit details.
- Receive Pre-Approval: Once we review your application and documents, you’ll receive a pre-approval letter, which gives you an idea of how much you can borrow.
- Find Your Home: With pre-approval in hand, you can start searching for your new home within your budget.
- Appraisal and Underwriting: Once you’ve chosen a property, the lender will order an FHA appraisal and the loan will go through underwriting to ensure all FHA guidelines are met.
- Close on Your Loan: After approval, you’ll sign the final paperwork, pay closing costs, and receive the keys to your new home.
Why Consider an FHA Loan?
FHA loans are among the easiest types of mortgage loans to qualify for, thanks to their low down payment requirement and flexibility for borrowers with less-than-perfect credit. With an FHA loan, a down payment of just 3.5% is required, making it an attractive option for those who may struggle to meet the traditional 20% down payment.
FHA loans are ideal for:
- Borrowers who cannot afford a large down payment (down payment can be fully gifted from a qualified gift donor).
- Individuals with lower credit scores who may not qualify for conventional loans.
- Homebuyers who can’t get approved for private mortgage insurance (PMI).
If you’re looking for an accessible path to homeownership, an FHA loan could be the right fit for you.
- FHA
- Fixed Rates
- Conforming Loans
- Terms 15 and 30 Years
