Federal Housing Administration (FHA) loans help home buyers afford to buy a home by offering lower barriers of entry. The federal government insures the loans, making it easier for home buyers to get approved since this lowers the lender’s risk. FHA loans are particularly popular among first-time homeowners because of the favorable credit and down payment standards. For those who don’t have perfect credit or a lot of cash on hand for a down payment, FHA loans can serve as an ideal solution.

FHA loans allow those with an imperfect credit history to obtain a home, as long as you meet certain conditions. While FHA loans allow for lower credit scores than other mortgage programs, lenders might have additional credit score requirements depending on the risk they are willing to take. You can learn about the minimum credit score you need to have by checking with your lender.

The key to obtaining an FHA loan is pretty simple: Pick up the phone and call Rick Cogswell. He has been handling FHA and VA loans for borrowers in South Florida for over 20 years.

FHA Loans are also available for people who would like to re-finance their existing mortgage. The Streamline re-finance program is fast and hassle-free.