FHA loans are insured by the Federal Housing Administration (FHA). This insurance enables lenders like Pinnacle Mortgage Bankers to offer you flexible benefits and options that include lower down payments and easier qualifying requirements.
The Federal Housing Administration, or FHA, is not a mortgage lender. Instead, it provides mortgage insurance to lenders like Pinnacle Mortgage Bankers. This insurance enables us to offer FHA-qualified homebuyers flexible down payment options that may be as low as 3.5%.
Other advantages of FHA loans include flexible credit requirements, a choice of fixed- and adjustable-rate loans, and the allowance of "gift funds", which makes it possible for a family member or employer to contribute to your down payment. An FHA loan can also help you buy and renovate a "fixer-upper".
FHA loan limits vary per state and county and are subject to credit approval and certain restrictions. Be sure to consult us before you apply for an FHA loan, so we can personally guide you each step of the way.
Contact us for more details of our FHA mortgages, or apply now via our secure server.
