FHA Home Loans

At Good News Lending, our mission is to fulfill homeownership dreams, and that's why we offer FHA loans—a favored choice among homebuyers. Our FHA Home Loans are designed for individuals seeking a flexible and accessible path to buying a home. Whether you're a first-time homebuyer or looking to refinance, FHA loans offer unique benefits to meet your needs.

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What is an FHA Loan?

FHA (Federal Housing Administration) loans are government-backed mortgages that protect lenders against losses that might result from borrower default. This security allows lenders like us to offer FHA loans with more favorable terms, making homeownership accessible to more people.

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You Shouldn't Have To Choose

Too many borrowers think they must choose between the convenience of an online lender and the hands-on service you might get from the "small guys."

But We Believe You Can Have It All!

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Why Choose an FHA Loan?

Lower Down Payments: FHA loans require a lower minimum down payment, making them ideal for first-time homebuyers.
Flexible Credit Requirements: FHA loans are available to individuals with various credit histories.
Competitive Interest Rates: FHA loans often feature lower interest rates than conventional loans.
Higher Debt-to-Income Ratios Allowed: FHA loans are more lenient regarding your debt-to-income ratio.

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FHA Loan Requirements

While FHA loans are more accessible, there are specific requirements that borrowers must meet, such as:

Minimum Credit Score: Typically, a credit score of 580 is required for maximum financing.
Down Payment: As low as 3.5% down payment for credit scores of 580 or higher.
Mortgage Insurance: Required for all FHA loans, regardless of the down payment size.

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Wendy personally took care of our loan. I submitted an application prior to 7AM and she called me at 7! I have gone through 4 mortgage processes and have never had a better experience. She was on point with her estimates and the process proceeded with such ease. I was actually calling HER asking "do you need anything?" because it was almost TOO smooth from my prior experience.

Talia Fulton

VA Loan

Wendy and her team are absolutely amazing! My home purchase (and future refinance when rates dropped) went smoothly and were effortless on my part. Wendy answered all my questions and gave insightful advice throughout the process. I highly recommend Wendy and her team with all your home financing and refinancing needs!

Justine Farrow

VA Loan

I have never experienced the level of professionalism and courtesy than I did with Wendy Thompson's team. They go out their way to ensure that everything is done to the best that it can. They were always there to answer any questions and provide assistance to any problems that we had. I will say that I will never use anyone else again as long as Wendy is in business.

Kevin Tharpe

Conventional

Why Choose Good News Lending for Your FHA Home Loan

Expert Guidance: Our team has extensive experience in FHA loans, offering tailored advice to fit your unique situation.
Transparent Process: We believe in clear communication and transparency throughout the loan process.
Tools and Resources: Access to mortgage calculators and educational resources to help you make informed decisions.

The FHA Loan Process with Good News Lending

Initial Consultation: Discuss your homeownership goals and financial situation with our loan experts.
Loan Application: We guide you through the application process, helping you gather all necessary documentation.
Loan Processing: Our team reviews your application, credit, and financial background to determine your loan eligibility.
Underwriting: The loan undergoes a thorough review to ensure it meets all FHA requirements.
Approval and Closing: Once approved, we'll work with you to finalize the loan and celebrate your new home purchase!

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Guiding Your Homeownership Journey

Owning a home is not just a dream; it's a journey that Good News Lending is passionate about guiding you through. Our FHA Home Loans are designed to open doors for all, especially those taking their first steps toward homeownership. With our expertise, personalized service, and commitment to your success, we’re here to guide you in making your path to owning a home as smooth and successful as possible.

Don't wait to make your dream home a reality. Schedule a Consultation with Good News Lending today. Your dream home is just a click away. Get Started with Good News Lending and unlock the door to your future.

Contact Good News Lending for Your FHA Home Loan

Have specific questions, or are you ready to start the pre-approval process? Our team at Good News Lending is here to provide you with the personalized support you deserve. Let's make your homeownership dream come true.

Your dream home awaits. Contact Us now and take the first step with Good News Lending.

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FHA FAQs

What are the requirements for an FHA home loan?

FHA loans require a minimum credit score of 580 for maximum financing, a lower down payment, and mandatory mortgage insurance.

How does an FHA loan differ from a conventional loan?

FHA loans are government-backed and typically have lower down payment requirements and more lenient credit qualifications than conventional loans.

Can first-time homebuyers benefit from FHA loans?

FHA loans are particularly beneficial for first-time homebuyers due to their lower down payment requirements and flexible credit standards.

What are the interest rates for FHA home loans?

Interest rates for FHA loans are competitive and often lower than conventional loans. Check our website for the latest rates.

FHA 203(K) Loan Requirements and Renovation Guidelines

Learn about FHA 203(K) loan requirements and renovation guidelines. Get financing for your fixer-upper, make desired repairs, and achieve your homeownership dream with this informative guide.

Good News Lending

Feb 21, 2021

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