FHA Loans

About FHA Home Loans

An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). It was created to make loans more accessible and affordable to the public by offering reduced down payment options and lower minimum credit score limits.

FHA loans are federally backed and insured which reduces the lender's risk of loss should a borrower default on their mortgage payments. This is why FHA loans have more favorable terms and interest rates in comparison to conventional loans.

This is also why it’s easier to qualify for FHA loans. Overall, it’s a great option for borrowers who have a lower credit score, are carrying higher debt, had past bankruptcy, or borrowers who did not qualify for conventional loans.

Who is this loan for?

This type of loan can make buying a home easier as financial requirements are less stringent than in other loans. Individuals who cannot afford a traditional down payment of 20% or are unable to receive approval for private mortgage insurance find FHA loans a better choice.

Benefits of FHA Loans

Minimum 3.5% down payment
Popular for first-time homebuyers
For low to moderate-income homebuyers

What can I get with an FHA Loan?

With an FHA loan, you can purchase single-family houses, multi-family homes, condominiums, and certain manufactured and mobile homes. In some instances, you may be able to use FHA loans for new construction or to finance the renovation of an existing home.

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State of Florida, Colorado, and Tennessee.
NMLS #222883
Christopher Paul Financial, LLC dba CPF Mortgage is a Florida Mortgage Lender (NMLS 222883), Florida State License MLD929, Colorado and Tennessee registered mortgage company located at 10710 State Road 54, Ste. C101, Trinity, FL 34655. All loan approvals are credit driven and all decisions are based on underwriting credit approvals. All rates, terms, and programs are subject to change without notice. Borrowers should consider their options carefully when choosing a loan program.