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What is an FHA Loan? Explained!
What is an FHA Insured Loan? Explained! 

AAA Home Team - 407-928-8652
 

Federal Housing Administarion (FHA) insured loans are made by private lending institutions such as banks, savings & loans, or mortgage companies to eligible borrowers for the purchase of a home. To get such a loan, the borrower must apply and qualify with a certified FHA Lender.
 
 

FHA Loan Benefits:
 
Equal opportunity for all qualified buyers Required down payment as low as 3.5% of the purchase price Ability to finance up from Mortgage Insurance Premium Ability to finance the cost of repairing and/or improving a home Right to repay without penalty Credit improvement in the qualifying process  Available in all areas of the country Default assistance and foreclosure prevention Want to obtain an FHA Insured Loan? Here's the process:
 
Contract to Purchase:
After finding your perfect home with AAA Home Team you will sign a purchase contract conditioned on approval of an FHA Insured Loan
 
Loan Application:
Select your lender (we can help with that too!) They will collect all necessary documents and request FHA to assign a licensed appraiser to determine the value of the property. 
 
Loan Decision: 
If the established value of the ... more

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