Yes, FHA Loan may be the loan for you!

FHA loan is a federal assistance mortgage loan insured by the Federal Housing Administration. PrimeChoiceFunding is an approved FHA lender with products that allowing more people to qualify under the flexible credit guidelines.

There are lots of good reasons to choose an FHA loan, especially if one or more of the following apply to you:

• You're a first-time homebuyer.
• You don't have a lot of money to put down on a house.
• You want to keep your monthly payments as low as possible.
• You're worried about your monthly payments going up.
• You're worried about qualifying for a loan.
• You don't have perfect credit.

If any of these things describe you, then an FHA loan may be right for you.

FHA loans offer many benefits and a level of security that you won't find in other loans including:

Low cost: FHA loans have competitive interest rates because the federal government insures the loans for lenders.

Smaller down payment: FHA loans have a low 3.5% down payment and the money can come from a family member, employer or charitable organization as a gift.

Easier qualification: Because FHA insures your mortgage, we as a lender are willing to give you loan terms that make it easier for you to qualify.

Less than perfect credit: You don't have to have perfect credit to get an FHA Loan. In fact, even if you have had credit problems, such as a bankruptcy, it's easier for you to qualify for an FHA loan than a conventional loan.

More protection to keep your home: The FHA has been helping people since 1934. Should you encounter hard times after buying your home, the FHA has many options to keep you in your home and avoid foreclosure.

You may use an FHA-insured mortgage to purchase or refinance a new or existing 1- to 4-unit home, a condominium or a manufactured or mobile home (provided it is on a permanent foundation).

Refinancing with an FHA loan

Buying a home with an FHA loan