FHA financing is a safe and affordable loan option for many home buyers. Contour Mortgage is an approved FHA direct lender that offers a low down payment, low 30-year fixed rates, quick and easy approval and a fast closing process.
Get Started TodayAn FHA loan is a mortgage insured by the Federal Housing Administration (FHA), which is within the U.S. Department of Housing and Urban Development (HUD). It is offered through various mortgage lenders who have been approved by the government agency.
Established in the early 20th century as a part of the National Housing Act of 1934, the FHA offers an alternative option to the conventional mortgage loan. These loans make it easier for borrowers to achieve their dream of home-ownership, as they tend to have more flexible qualification requirements.
Get Started TodayThis means you can receive the aforementioned benefits directly if you qualify.
Get Started TodayTo apply for an FHA loan, you must provide a lender with certain financial information documentation about yourself:
FHA also offers a special loan product designed to finance home repairs and improvements called a 203(k) loan.
If you’re thinking of living in the Kalamazoo Michigan area, consult this comprehensive guide outlining the top-ranked neighborhoods, as well as location, school districts, median home prices, local amenities, recreation, and more.
Read MoreGovernment-backed mortgages provide many financial benefits for first-time and repeat homebuyers, such as lower down payments, lenient credit score requirements, improvement project grants, and more.
Read MoreIf you’re thinking of living in the Greenville, South Carolina area, important factors to consider include location, school districts, median home prices, transportation access, local amenities, entertainment, and more.
Read MoreWhen considering purchasing a home on Long Island, it’s best to have updated documentation including financial statements and tax returns, mortgage pre-approval and commitment letters, neighborhood and realtor preferences, and more.
Read More