FHA Loans

Federal Housing Administration (FHA)
The Federal Housing Administration, better known as "FHA", was established in 1934 to increase home ownership that was suffering due to economic conditions, as well as, difficult mortgage loan terms. FHA provides mortgage insurance on loans made by FHA approved-lenders and has now become the world's largest insurer of mortgages, insuring over 34 million properties since it was created.

FHA Mortgage Insurance Premium
FHA Mortgage Insurance Premium (MIP) protects the lender against losses in the event of a default by the homeowner. The lenders bear less risk because FHA will pay a claim to the lender in the event of a homeowner's default. As a result, this allows for more lax guidelines than a typical Conventional loan.

Why is this a Great Loan for First-Time Homebuyers?
FHA loans have become a favorite for First-Time Homebuyers for many reasons. Some of those include:


  • Low down payment – 3.5%
  • Borrowers qualify with less than perfect credit
  • Seller can pay up to 6% of buyer's closing costs and prepaids
  • Low interest rate
  • Borrower can receive a gift for down payment and/or closing costs and prepaids
  • FHA loan is assumable

We specialize in FHA loans in Spring, Woodlands, Conroe and Houston, Texas.
Find out if this is the perfect loan for you. Call me at 281-928-7994 or click Apply Now!