FHA, the Federal Housing Administration, is a governmental agency established during the Great Depression to develop national standards of housing and encourage home ownership.
The FHA Mortgage Loan is a smart mortgage investment for either a purchase or refinance, because the FHA mortgage rates are at historic lows. Not to mention, the flexibility of the guidelines make it easier for people to become qualified. Backed by the Department of Housing and Urban Development, this mortgage loan offers the borrower the ability to put as little as a 3.5% down payment and you can even finance allowable closing costs when finalizing the sale of property.
The employees at HomeWay Mortgage have multiple years of experience and would be more than happy to help with your FHA Mortgage Loan. Contact a representative at HomeWay Mortgage today and see if you qualify for an FHA Mortgage Loan!