What Is An FHA Loan

Dated: 07/11/2016

Views: 261

Johnson City Homes

The FHA mortgage program launched in 1934 to help boost and stabilize the American housing market. Still today, these mortgages are backed by FHA. In plain English, FHA makes it easier for people to qualify for a home loan. Generally speaking, FHA loans are less difficult to qualify for compared to conventional loans, and lenders can offer FHA mortgage loans in cases where the borrower would otherwise be unable to obtain home financing.

Just a few FHA loan advantages are as follows.

  • FHA loans are assumable

  • They require a low down payment

  • Credit score minimums are low

  • FHA loans come with ultra-low interest rates

Wondering if you can benefit from the FHA loan program? Call us at The Shields Team and let us explain more about the program. Home ownership, may be closer than you think! Our office phone is(423) 433-6517, or stop by our office inside Keller Williams Realty, 1033 Hamilton Place in Johnson City. Let's get you in your new home!

Blog author image

Wes Shields

Wes Shields, Team Owner and Listing Agent for The Shields Team at Keller Williams Realty of Johnson City Tennessee, has a long and very impressive list of accomplishments in his 10+ years in the real ....

Want to Advertise on this Site?

Latest Blog Posts

Is That Really A Bedroom

It seems kind of silly to have to ask the question, "is that a bedroom?" when you see what obviously looks like one. Our friend, you might just be surprised that what you see might NOT be a bedroom

Read More

Avoiding The ICK

Maybe you've seen The Property Brothers on HGTV. Actually, we should say we know you've seen. Drew and Jonathan Scott have one the hearts of millions of viewers in the HGTV television series, The

Read More

What Happen To Your Credit Score When You Buy A Home

You've become obsessed with your credit score, guarding it carefully, and keeping a close eye on it to have everything in order when you apply for a home loan. That score will will not only affect

Read More

Reasons To Buy A Home At The Holidays

It seems home buying is the last thing on our minds at this time of year, and especially this year, being an election year, and of course we're officially full speed into Thanksgiving and Christmas

Read More