Mortgage Broker Company - A FHA Mortgage

There are many uses for an FHA loan. An FHA loan is not just for buying your first home, but for remodeling purposes, investing in investment property or fixing it up.

FHA is the Federal Housing Administration. It is not a lender. The FHA just insures your loan so that the lender will give you a good interest rate. To be eligible for an FHA loan you need at least 3% down on the purchase price of the home you have choses. Most closing costs can be included in this loan amount.

If you default, the FHA makes sure the lender still receives their monies.