FHA Loan

Federal Housing Administration (FHA) home loans are designed to help first-time homebuyers and those with less-than-perfect credit. At CTR Mortgage Brokers, we specialize in FHA financing, providing you with the support and guidance needed to navigate FHA guidelines and secure your dream home.

Benefits of FHA Home Loans

FHA loans offer several advantages:

• Lower Down Payments: As low as 3.5%, making homeownership more accessible.
• Flexible Credit Requirements: Suitable for borrowers with lower credit scores.
• Competitive FHA Interest Rates: Affordable rates that can save you money over time.
• Higher FHA Loan Amount Limits: Generous lending limits to accommodate various housing markets.

FHA Home Loan Qualifications

To qualify for an FHA home loan, you’ll typically need:

• Steady Employment: Proof of steady income and employment history.
• Minimum Credit Score: Generally, a score of 580 or higher for a 3.5% down payment.
• Debt-to-Income Ratio: Must meet FHA criteria to ensure affordability.
• Property Requirements: The home must meet specific FHA guidelines for safety and habitability.

FHA Lending Limits

FHA lending limits vary by county and are designed to reflect local housing costs. These limits ensure that borrowers have access to adequate financing for their area. At CTR Mortgage Brokers, we help you understand these limits and find the right loan amount for your needs.

Why Choose CTR Mortgage Brokers?

At CTR Mortgage Brokers, we offer:

• Personalized Service: Tailored advice to meet your unique financial situation.
• Expert Guidance: Knowledgeable professionals to help you navigate FHA mortgage qualifications.
• Wide Network of Lenders: Access to competitive FHA interest rates and favorable terms.

FHA Loan FAQs

Financing a home is an important investment. It’s ok to have questions. We’ve compiled answers to the frequently asked ones, but don’t hesitate to ask more.