The Federal Housing Administration or FHA is a federal agency in the U.S. Department of Housing and Urban Development or HUD.  The purpose of the FHA is help lower income families purchase housing.  FHA allows borrowers with less than perfect credit to receive comparable interest rates to those with good credit.

FHA is not a lender itself, instead it insures mortgage loans made by private lenders.  This insurance minimizes the financial risk of the the borrower to the lender and allows the lender to offer a lower mortgage interest rate.

CURRENT FHA BORROWERS - If you currently have an FHA mortgage and our interested in refinancing to lower your interest rate, you may be eligible for an FHA "Streamline Refinance". Learn More about FHA Streamline Refinance

INTERESTED IN A CONVENTIONAL LOAN - A conventional loan is a loan that is not an FHA or a VA loan. A conventional loan generally required 10% to 20% down, and anything less than 20% down generally is required to have private mortgage insurance or PMI.  Learn More about Conventional Loans