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