Introduction to FHA Loans
FHA loans are an attractive option, especially for first-time homeowners because it is insured by the Federal Housing Administration (FHA). Primarily, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments.Typically the borrower can be approved with 3.5% down vs 20% that is required on other loan programs.
Benefits of an FHA Loans
FHA Loan Eligibility and Requirements
Mortgage Insurance Premiums
FHA Loan Limits
How we can help
At Legend Lending, we know all about FHA loans and can see if you can qualify for a FHA loan so you can begin your journey in buying a home you love. If you are located in Austin or Houston, or in the state of Texas, contact us today to get started.