Federal Housing Administration (FHA) loans are mortgages that are typically easier to qualify for. Factors like a lower credit score, a higher debt-to-income ratio, or a past bankruptcy are less likely to hold you up when trying to secure a FHA loan. The experts at Local Mortgage can answer any questions you may have about FHA home loans and help you determine if it is right for you.

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With down payments as low as 3.5%, FHA mortgages can be a great option if holding onto some cash is important to your plans. This also makes it easier to save for a down payment.

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All FHA mortgages require mortgage insurance regardless of the loan-to-value associated with the loan. However, the upfront portion of the mortgage insurance can be financed. This will keep the mortgage insurance from increasing costs at the closing table. 

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If you choose to get an FHA mortgage with us, then you receive the Local Mortgage advantage:

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1. Great low rates on FHA loans

2. Very flexible underwriting and credit score allowances

3. Transparent process lets you know where your loan is at all times in the mortgage process

4. Our staff is always available when you need us. Simply contact us!​

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