An FHA loan is a mortgage insured by the Federal Housing Administration. Finance of America’s loan officers will help you navigate the tricky process of acquiring financing and ensure you fully understand what you’re getting into before you buy. When you borrow via an FHA loan, you also pay for mortgage insurance that will protect the lender if you default on the loan. The qualification requirements for an FHA loan are more flexible than other options. Discuss your financial situation and home buying goals with one of our loan officers to see if it’s the right loan type for your needs.
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Boise, Idaho’s Finance of America has helped hundreds of local residents choose the right home financing options for their needs. Our knowledgeable loan officers will help you decide if an FHA loan is right for you. You may be the perfect candidate for an FHA loan if you: