Backed by the U.S. federal government, these loans are tailored to help you secure financing for your dream home.
While the FHA doesn't issue mortgages directly, it provides insurance on mortgage payments through approved lenders like banks. As a borrower, you pay a mortgage insurance premium (MIP) to the FHA, allowing them to guarantee your loan and protect the lender from potential loss.
Originally created in 1934 to assist homebuyers with less-than-perfect credit, FHA loans have evolved to become a popular choice among a broad range of borrowers, including first-time homebuyers. These loans make homeownership more accessible and affordable.
At New American Funding in Henderson, Nevada, we specialize in FHA loans designed to meet your unique needs. Explore the benefits of FHA loans and take the first step towards owning your home with us today.
If you are interested in this item and have some questions, feel free send an inquiry.
Click Here