FHA Loans

If you’re trying to improve your credit or have limited funds for a down payment, an FHA loan may be an attractive option for you. Insured by the Federal Housing Administration, these loans are available to all home buyers. There are limits that vary by county for FHA loans, but they are high enough to handle moderately-priced homes. FHA loans offers more flexibility than other types of loans, including low down payment options.

Why an

FHA Loan?

Federal Housing Administration, or FHA mortgage loans, require a lower down payment than most other lending programs. Plus, you can use any type of funds to cover the down payment, including those provided by parents and other relatives, and even your employer. The program even allows the seller of the home to contribute up to 6% of its purchase price to closing costs.

The qualifying terms are more flexible than other loans. Conventional loans are stricter when it comes to your credit score, but an FHA loan typically has a higher minimum credit score requirement. And you can even roll your private mortgage insurance into your monthly payments.

Also, with an FHA 203K program, you can finance certain home renovations, provided they qualify for the program. This is extremely useful when upgrades to your home are needed.

Planatek Is Ready to Help You

Secure an FHA Loan

We will help you every step of the way. From pre-qualification to approval, our finance team provides the most professional advice and support, will let you know what you can afford and what you qualify for. You can therefore afford to buy a home using a government-backed mortgage with fixed rate terms of 15 or 30 years, even if your credit isn’t perfect. Contact us today to get started!


Get In Touch

Sharing our knowledge and expertise comes natural to us. Our team is friendly, compassionate, and ready to start working with you. Consult with us at no cost to see what we can do for you. Whether you’re just starting out, looking for your perfect vacation or investment home, or planning for retirement, meet with us and we’ll see how we can improve your financial outlook. Contact Planatek Today!