Apply For A FHA Home Loan

At Mortgage Loan Center, we’re proud to offer many flexible loan options for borrowers including the FHA loan.

Most people think of the FHA home loan as a first-time homebuyer loan, but it’s also a perfect option for borrowers with less-than-perfect credit who don’t qualify for conventional financing.

We love it for its low down payment and low credit score requirements, and how it helps thousands of borrowers secure the financing they need. Apply for a FHA home loan today!

How FHA Loans Work:

apply for a FHA loanMost people aren’t aware of how easy it is to get an FHA loan. You don’t need perfect credit and you only need a 3.5% down payment, some of which may be gift funds from family, your employer, or a charitable organization.

When you apply for an FHA home loan, you apply directly with us – not the FHA. The loan process is quick – usually 30 to 45 days, helping you make an attractive offer on the home you want to buy.

FHA loans don’t have tough appraisal requirements or take a long time to close like the myths make you believe. Instead, they are flexible loans that help people who don’t have the best credit but who can prove they can afford a loan.

We offer FHA home loans in both fixed-rate and adjustable-rate options. If you aren’t sure, we’ll walk you through the process – showing you both options so you can compare the monthly payment and bottom line. Apply for a FHA home loan today!

Qualifying for an FHA Loan

At Mortgage Loan Center, we’re proud to offer some of the most flexible FHA guidelines to help you secure financing including:

  • 580+ credit scores
  • 3.5% down payment
  • Maximum 43% total debt-to-income ratio
  • 2 years stable income and employment
  • Proof you’ll occupy the property as your primary residence

Understanding FHA Insurance

Most people know about FHA mortgage insurance but don’t understand it. While it’s mortgage insurance you pay for the life of the loan, it’s a low rate and it’s how the FHA can offer such flexible guidelines for borrowers who need it. Apply for a FHA home loan today!

FHA mortgage insurance is just 0.85% of your outstanding principal. It decreases annually as you pay down your mortgage and you pay 1/12th of the full amount monthly to make it more affordable.

Let us Help you Decide if an FHA Loan is Right For You!

When you work with Mortgage Loan Center, we present all eligible loan options to you. If you’re a good candidate for an FHA loan, we’ll show you how it works and how it compares to other loan options.

We’ll walk you through each step so you get the loan that’s just right for you, whether it’s a FHA fixed-rate loan, adjustable-rate loan, or any other loan program – let’s talk.  Apply for a FHA home loan today! 

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