FHA loans are government-backed mortgages that make it easier for individuals and families to purchase their dream home with lower barriers to entry.
Why Choose FHA Loans?
FHA loans, backed by the Federal Housing Administration, are designed to make homeownership accessible for more people, especially first-time homebuyers. With lower credit score requirements and reduced down payment options, FHA loans provide a reliable solution for those who may not qualify for conventional financing. Whether you’re taking your first step into homeownership or recovering from past financial challenges, FHA loans are built to meet your needs.
Key Features and Advantages
One of the standout benefits of FHA loans is the low down payment requirement—only 3.5% for qualified borrowers. This makes it possible to purchase a home without waiting years to save up. FHA loans also have more lenient credit score requirements, giving individuals with credit scores as low as 580 an opportunity to secure financing. Additionally, these loans feature competitive interest rates and allow sellers to contribute toward closing costs, further reducing upfront expenses.
How We Support Your FHA Loan Journey
At Cascade Home Loans, we simplify the FHA loan process so you can focus on finding your perfect home. Our team provides personalized guidance to help you navigate the requirements, from gathering documents to understanding closing costs. With our expertise, we ensure the process is straightforward and tailored to your unique financial situation. We’re here to help you unlock the door to affordable and accessible homeownership.
Apply for your loan without worrying about upfront application costs, so you can focus on finding the right home and financing solution.
FHA loans are available to U.S. citizens and legal residents who meet the program’s credit, income, and down payment requirements.
Qualified borrowers can put down as little as 3.5% of the home’s purchase price.
Borrowers with credit scores of 580 or higher typically qualify for the 3.5% down payment option. Those with scores between 500-579 may still qualify with a higher down payment.
Yes, FHA loans can be used to refinance existing mortgages, including through FHA Streamline Refinancing, which offers reduced paperwork and faster processing.
Yes, FHA loans have limits based on the county where the property is located. These limits are updated annually.
FHA loans require both an upfront and annual mortgage insurance premium (MIP) to protect lenders in case of default.
Don’t just take our word for it
Matt is a pleasure to work with. He helped me through every part of the home buying process answering any and all of my questions along the way. He is hard working, timely, and easy to understand. I would recommend him!
Andrew was a dream to work with. I had a complicated situation and he was there to help me throughout the whole process. He was extremely helpful with all of the difficult situations that came his way. I would not hesitate to recommend him to anyone.
We closed on the house in less than 28 days and this was the first time we ever applied for a loan( FHA). Working with Andrew was literally a breeze. He was very responsive and connected us with anyone we may need during the entire loan process. He was honest, thoughtful, and helpful each step of the way and made the entire process so smooth. Can’t recommend him enough!
Trying to buy a house in a red-hot market is a challenge; having Andrew on the finance side made everything so much easier. We made offers on several properties and every time Andrew was able to provide an approval letter immediately. When we finally had an offer accepted, he made the process clear and simple, and most importantly FAST. We would definitely recommend Andrew to anyone looking for financing.
Andrew stayed on top of everything and made the process very easy, under 2 weeks from submission to clear to close. I would absolutely recommend him to anyone in the future.
From the first contact “let me pull over I am driving and I will have a quote for you”: which only took about 25 mins max to today, the day of closing it has been little more than 31/2 weeks and it is all because of Andrew’s undivided attention, availability and determination. A pleasure to work with highly recommended!
It was a pleasure working with Andrew in both shopping for a mortgage and then completing the mortgage application and closing process. He was professional and very easy to work with…open to talk at any time and answer any questions…right up to the closing. He was even present at the closing to again field any questions and ensure the closing went as expected. I highly recommend Andrew to anyone looking for financing solutions.
My wife and I had a difficult situation between buying and selling homes with different agents and being long distance. I found Andrew multiple times going above and beyond what he should be doing. Recognizing that buying/selling house waits for no one makes it difficult when you are at work, Andrew would ALWAYS pick up the slack on our end as well as give me much needed reminders. In addition, I found it refreshing to get honest answers from Andrew, rather than hearing what you “want” to hear. All in all, Andrew is great at his job and a really great person, that always has your interest in mind, and will do the right thing. He makes one of the more stressful life events, a little bit less stressful.
Andrew was very responsive and went out of his way to make sure we always had all of our questions answered. He worked with us to make sure that we could afford our home and get into it quickly, before we even found one to put an offer in. Even after closing, he continued to answer our questions and give us advice.
Most people find that mortgage financing is complicated and confusing. We help you buy your dream home by simplifying the mortgage financing process with personalized loan options that save you time and money.
