Is an FHA Loan Right for Me?

First-time home buyers, single borrowers, individuals who don’t have *20% to put down on a conventional mortgage, or those with less than perfect credit could be good candidates for FHA loans.

About the Program

FHA loans have been helping people become homeowners since 1934. The Federal Housing Administration (FHA) does not issue or guarantee mortgages. Instead, they ensure the loans for the lender, enabling lenders to give buyers a better deal by taking on less risk.

Key Benefits 

  • Low minimum down payment, only *3.5%
  • Flexible income and credit requirement
  • Lower closing costs

How to Qualify for an FHA Loan.

The first step to obtaining an FHA mortgage is to select an FHA-approved lender to work with. Aligned Mortgage can help you with applying for an FHA home loan.

FHA Loan Limits 

There are limits to the amount of money you can borrow with an FHA mortgage. FHA loan limits are adjusted annually, and you can search to see what the current limit is in your county here.

Mortgage Insurance for FHA Loans

All FHA borrowers have to pay two mortgage insurance premiums: upfront premium and annual premium. The amounts due depend on the amount borrowed, and your lender can provide you with a breakdown of these costs.

Have More Questions, or Ready to get Started?

Start Your FHA Pre-Approval!

This is your first step to see how you can qualify for a lower down payment than other loans. We will be here to guide you through the loan process.

We Have Helped Thousands of veterans achieve home ownership using The VA Home Loan.


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Register For Our Next Free Online VA Loan Seminar

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