FHA Loans
FHA loans are a great option for affordable financing because of their low down payment requirements and flexible qualification terms.
FHA loans are insured by the U.S. Government and are geared toward making home ownership within reach for low to moderate-income individuals and families. The Federal Housing Administration places limits to the maximum amount that can be borrowed under FHA financing. In the past, these limits were below the average price of homes for many housing markets. Currently, average home prices are now within FHA loan limits, making this government-insured program a popular choice in today's market.
Scenic Oaks Funding will work with you to determine if a FHA loan is the best option for you. We will review your credit and income qualifications and explain FHA loan requirements, such as mortgage insurance and FHA property eligibility and answer any questions you may have as you navigate the process of applying for a FHA loan.