What is an FHA loan?

Federal Housing Administration (FHA) Direct Loans allow us to offer extremely competitive financing options to clients who may fall short of "conforming" or
"sub-prime" guidelines. This is the opposite of predatory lending. These loans carry low interest rates on fixed terms and do not allow for prepayment penalties. Whether it be credit score, credit depth, equity, assets, or even disposable income, FHA loans allow for a true "common sense" approach to underwriting and will offer much lower rates than most other programs because they are insured and regulated by the government, more specifically the Department of Housing and Urban Development (HUD).