Your Local Source for Great FHA Home Loans
FHA Mortgage experts in Iowa, Nebraska and South Dakota
FHA mortgage loans are an attractive mortgage solution for a purchase or refinance because today's FHA mortgage rates are near historic lows. The guidelines are also flexible allowing more people to qualify. Whether you have had credit issues in the past or are simply looking to limit your down payment to 3.5%, an FHA loan might be an ideal home financing solution. Midwest Family Lending is one of the top FHA lenders in Iowa, Nebraska and South Dakota. Visit one of our local convenient locations or call us today at 515-252-7107 to learn more.
What is a FHA Mortgage loan?
FHA stands for Federal Housing Administration (FHA) which is a governmental agency created in 1934 to improve housing standards and promote homeownership. Insured by the Federal Housing Administration, an FHA Loan offers easy qualification, low closing costs and low down payments, making them perfect for first-time homebuyers.
One of the main advantages of an FHA Loan is that the credit criteria for a first time borrower aren’t as strict as conventional loans. This means that someone who may have had a few credit problems or has no credit history can still qualify for FHA financing.
An FHA Loan may require less income to qualify.
An FHA Streamline Refinance offers the same low interest rate and less strict credit criteria requirement but is completed fast and often requires no appraisal. Midwest Family Lending specializes in FHA Streamline Refinancing.
The professionals at Midwest Family Lending have years of experience in providing FHA Loans for homebuyers.
To find out if a FHA Mortgage is right for you, visit one of our local convenient locations, call 515-252-7107 now or Get Started Online
for a free, confidential, and no-obligation mortgage consultation.
We have local offices conveniently located in Iowa, Nebraska and South Dakota.