FHA Loan Program
Placing Your Dreams Within Reach...
An FHA loan is a government-backed mortgage that is insured by the Federal Housing Administration (FHA). FHA loans are designed to make housing more affordable, particularly for first-time homebuyers. These loans typically permit borrowers to buy a home with a lower down payment than conventional loans. This program is a great way for ProLending to help you finance a home while saving you time and money.
A few more details:
- Only a 3% down payment is required
- Gift funds from a family member or an approved nonprofit agency are acceptable sources for down payment and closing costs
- More flexible underwriting guidelines
- Lower monthly mortgage insurance premiums
- Rates are comparable to a Conventional Loan
- Loan amounts vary depending on home type and home location
Georgia Mortgage Licensee Number 13104