FHA hub
Slide show
Six slides, one idea each. Swipe on a phone, tap Next and Back, or press the arrow keys.
Slide 1 of 6
FHA
The government insures the loan. A lender still makes it.
Because the Federal Housing Administration insures it, lenders can offer more flexible terms. You still apply with a lender.
Slide 2 of 6
Down
A smaller down payment is the best-known feature.
The exact minimum depends on your credit. Ask a lender for the number that applies to you.
Slide 3 of 6
Credit
Fair credit can still be a starting point.
Lenders set their own standards on top of FHA's. Two lenders can answer differently, so ask more than one.
Slide 4 of 6
MIP
You pay for the insurance.
Mortgage insurance is paid once at closing and then each month. Ask how it changes your payment.
Slide 5 of 6
Home
The home must be where you live, and it must pass.
An inspection is yours to book. The lender also orders an appraisal. Both can change your plans.
Slide 6 of 6
Ask
Only a lender can tell you where you stand.
Take the quiz, bring the checklist, and ask a lender that makes FHA loans.
Educational only. AskResi is not a lender.
