FHA Mortgage Loans: The Accessible Path to Homeownership
FHA (Federal Housing Administration) loans are government-insured mortgages designed to make buying a home easier, especially for first-time buyers and those with lower credit scores or limited savings.
I. Quick Eligibility Snapshot & Core FHA Benefits
Low Down Payment
Start with as little as 3.5% down. We also offer options for 100% financing on FHA-qualified programs.
Flexible Credit Scores
A minimum FICO score of only 580 is typically required, expanding accessibility beyond conventional limits.
Max DTI Ratio
Our expanded guidelines allow Debt-to-Income (DTI) ratios up to 57% for stronger overall files, significantly easing qualification.
MIP Requirement
Mortgage Insurance Premium (MIP) is required on all FHA loans, and typically stays for the life of the loan.
Approved Gift Funds
The entire down payment and closing costs can be covered by a gift from an eligible source with proper documentation.
Multi-Unit Eligibility
Financing is available for 1-4 unit primary residences, allowing you to use potential rental income to qualify.
No Pre-Payment Penalty
Enjoy the freedom to sell or refinance your home at any time with no penalties or hidden fees.
Co-Borrower Flexibility
We allow both occupying and non-occupying co-borrowers to help boost income and meet qualification.
Unmatched Accessibility: We Always Answer
Unlike large banks with limited hours, we promise to always answer your calls. Day or night, weekday or weekend, you will reach a knowledgeable Loan Officer ready to move your file forward. Call us at 954-390-7994 or 888-601-8344.
II. Understanding FHA Loans: The Power of Government Insurance
An FHA loan is a government-insured mortgage, backed by the U.S. Department of Housing and Urban Development (HUD) through the Federal Housing Administration (FHA). This insurance protects lenders against losses, allowing them to offer more favorable terms and significantly lower barriers to entry compared to conventional financing, making it ideal for first-time buyers.
AAA Capital Funding: Leveraging FHA's Leniency for You
While FHA loans already offer flexible guidelines, AAA Capital Funding utilizes its expertise and network to maximize these benefits. If limited savings or a lower credit score have stopped you elsewhere, we can often utilize our expanded FHA guidelines to get you approved. If you have been told 'No' elsewhere, we encourage you to apply.
- High DTI Threshold: The ability to approve Debt-to-Income (DTI) ratios up to 57% is a huge advantage, particularly for borrowers with existing student loans or other monthly obligations.
- Simplified Asset Requirements: FHA is highly friendly to the use of gift funds from family, friends, or grants, which can cover the entire 3.5% down payment and closing costs.
The Critical Difference: Mortgage Insurance Premium (MIP)
Because FHA loans are designed for higher-risk borrowers, they require both an Upfront Mortgage Insurance Premium (UFMIP) and an Annual Mortgage Insurance Premium (MIP), paid monthly. This is a key difference from cancellable Private Mortgage Insurance (PMI) on Conventional loans:
- UFMIP: A one-time fee, currently 1.75% of the loan amount, which is usually financed into the loan.
- Monthly MIP: An ongoing monthly fee, which generally remains for the entire life of the loan if the down payment was less than 10%.
- How to Remove MIP: The only standard way to eliminate the monthly MIP is by refinancing the FHA loan into a Conventional loan once you have sufficient home equity.
Property Eligibility: Multi-Unit Opportunity
FHA loans are an excellent option for buyers who want to purchase a multi-unit property (duplex, triplex, or quadplex) and live in one of the units. This strategy allows you to use the projected rental income from the other units to help you qualify for the loan, making the home more affordable.
III. AAA Capital Funding: Your FHA Advantage
- Maximum DTI up to 57% for easier qualification.
- Competitive, low, fixed FHA interest rates.
- Minimum FICO score of 580 for low down payment.
- Accepts Non-Occupying Co-Borrowers to qualify.
- Guaranteed 24/7 Accessibility: Loan Officers always answer calls, day or night, and weekends.
- Allows for Gift Funds to cover 100% of closing costs and down payment.
- Efficient and streamlined FHA application process.
- Transparent and fair lending practices (no hidden fees).
- Easier guidelines. Less restrictions. Real results.
Other Mortgage Lenders and Brokers
- Lack of program diversity.
- May impose stricter, non-FHA required credit/DTI overlays.
- Inexperienced personnel unfamiliar with niche FHA products.
- Tedious application process and overall disorganization.
- Unresponsive customer service, limiting fast closings.
- Unclear, hidden, and surprise terms and conditions.
- Delayed closing process due to lack of accessibility.
- Weak commitment and lack of personalized service.
IV. FHA Loan Eligibility Matrix (HUD/FHA Standards)
- Purchase: 96.5% LTV (3.5% down) is standard, but 100% options are also available.
- Rate & Term Refinance: 97.75% LTV maximum.
Ready for the Affordable, Flexible FHA Loan?
Take advantage of low down payments, flexible credit guidelines, and DTI ratios up to 57%.
Let's see how much you qualify for today.
Get Pre-Approved with Our Flexible FHA Program TodayNo obligation, no pre-payment penalties, just great rates and service since 1997.