FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan which is provided by a FHA-approved lender.
FHA insured loans are a type of federal assistance and have historically allowed lower-income borrowers to obtain a mortgage for the purchase of a home that they would not otherwise be able to afford. Great program for first time home buyers that allows 0% down payment.
To obtain mortgage insurance from the Federal Housing Administration, an upfront mortgage insurance premium (UFMIP) equal to 1.75 percent of the base loan amount at closing is required, and is normally financed into the total loan amount by the lender and paid to FHA on the borrower’s behalf. There is also a monthly mortgage insurance premium (MIP) which varies based on the amortization term and loan-to-value ratio.
Our Loan Products
Conforming Loans
- Loan Amount up to FNMA Limits
- Minimum Credit Score 640
- Primary Residency
- No Reserves Required
Stated Income Loans
- Loan Amount up to $5,000,000
- Purchase up to 75% LTV
- Non-Warrantable Condos
- Primary Properties
No Income Loans
- Loan Amount up to $5,000,000
- Purchase up to 80% LTV
- Non-Warrantable Condos
- Investment Properties
Bank Statement Loans
- Loan Amount up to $10,000,000
- Purchase up to 90% LTV
- Non-Warrantable Condos
- No Tax Returns Required
Condo Hotel Loans
- Loan Amount up to $5,000,000
- Purchase up to 70% LTV
- No Reserves Required
- Foreign Nationals Acceptable
Foreign National Loans
- Loan Amount up to $10,000,000
- Purchase up to 75% LTV
- Cash Out up to 70% LTV
- All Nationalities are Welcome
Jumbo Loans
- Loan Amount up to $50,000,000
- Purchase up to 90% LTV
- Primary Residency
- Investment Properties
Private Money Loans
- Loan Amount up to $10,000,000
- Purchase up to 75% LTV
- Investment Property Only
- No Min Credit Score Neede