FHA Loan Services

What Is an FHA Mortgage Loan?

FHA stands for Federal Housing Authority, a governmental agency established in 1934 to improve housing standards and promote home ownership. The FHA insures your loan, which makes this type of loan more attractive to your lender, and your lender may offer you better terms.

Acceptance Home Mortgage offers several FHA loan options. Fill out our online form to request a call back and speak with a member of our team to see if an FHA loan is right for you. At Acceptance Home Mortgage, our goal is to get you to the closing table quickly and efficiently, thanks to our in-house underwriters.

Facts About FHA Loans

• 3.5% minimum down payment
• 15- and 30-year terms available
• 1-4 unit residential properties
• Higher debt-to-income ratios may be allowed (29/41 DTI ratios may exceed under certain circumstances)
• Co-signers approved and do not have to occupy the property
• Credit score of 600 or higher required
• 600+ credit score underwritten in-house
• Maximum loan amount $420,680