An FHA loan is a type of residential loan guaranteed by the government (specifically the Federal Housing Administration). They are attractive to first time buyers because of relatively low interest rates and small down payment requirements (minimum 3.5%). FHA loans are easier to qualify for than conventional loans but also require a mortgage insurance, which can make it more expensive than a conventional loan. The only way to really find out which loan is best for you is to enter your data on our calculator and get results in minutes.
As a borrower you really don’t need to know all the details regarding FHA loans. With the use of our calculator you can skip all the learning and simply find out the best rates and terms, monthly payments, and fees, and how easy or difficult it will be to get the loan you want.
Compare your specific FHA results to conventional and portfolio loan results to evaluate the relative advantages and disadvantages of each program. If you wish, you can then present your scenario to some of the best FHA lenders in the country to receive actual loan quotes.
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Finding the best possible loan has never been simpler. With out quick, secure and simple
form you can get started instantly in securing the loan you need.
Finding the best possible loan has never been simpler.
With out quick, secure and simple form you can
get started instantly in securing the loan you need.