FHA home loans are mortgage loans that are insured against default by the Federal Housing Administration (FHA). FHA loans are available for single family and multifamily homes. These home loans allow banks to continuously issue loans without much risk or capital requirements. The FHA doesn't issue loans or set interest rates, it just guarantees against default.
FHA loans allow individuals who may not qualify for a conventional mortgage obtain a loan, especially first time home buyers. These loans offer low minimum down payments, reasonable credit expectations, and flexible income requirements.
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Pinnacle Lending Group, Inc. offers a wide array of loan programs. Share your loan scenario, and we’ll review your best options to give you a quick plan for buying or refinancing your home. We look forward to building a relationship with you and helping you get an affordable loan