FHA Loans
The Federal Housing Administration (FHA) was formed as part of the National Housing Act of 1934 in an effort to help increase homeownership opportunities after the Great Depression. FHA loans were created to help borrowers who would not normally be able to buy a home at the time. FHA provides mortgage insurance for lenders to help offset risk when lending to first-time homebuyers and low-to-moderate-income borrowers. At the time, they pioneered terms such as:
- Low Down Payments
- Long Term Financing options out to 30 years
- Easier Qualifying
- 100% Gift Funds allowed for Cash To Close
- Low, competitive rates
These advantages still hold true today. If you would like
to learn more about FHA loans, please reach out to one of our Loan Officers.
Privacy Policy | ©2023 American Pacific Mortgage Corporation. All information contained herein is for informational purposes only and, while every effort has been made to ensure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply. Equal Housing Opportunity.
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