Austin FHA Loan

Austin FHA Loan

FHA Mortgage FAQs

Get Started – Austin Mortgage

What is an FHA loan?

An FHA loan is a government loan that is guaranteed by the Federal Housing Administration (FHA). They provide mortgage insurance on loans made by FHA-approved lenders nationwide. The FHA insures millions of properties nationwide.

Why consider an FHA loan?

There are numerous benefits of an FHA loan, including:

  • Low down payments for FHA
  • Competitive mortgage rates
  • More flexible qualification guidelines than for some other loan products
  • Debt ratios are allowed to be higher than most conventional mortgages
  • Lower FICO scores are acceptable through the FHA Purchase/Refinance program