Affordable homeownership starts here with FHA loans from Mann Mortgage!
America's most used Affordable Housing program gives you great rates with minimal down payment and flexible credit options.
What are FHA home loans?
Considering the dream of homeownership in Leipers Fork, Pasquo, Arrington, or Nolensville? Look no further than FHA loans available through our Franklin Office. These loans provide a pathway to borrowing money with more lenient qualifications compared to traditional loans. Whether you’re a first-time homebuyer or seeking to refinance an existing property, grasping the ins and outs of FHA loans can be pivotal on your journey to owning a home.
Not sure where to get started? That's okay too, we're happy to meet you where you're at and direct you to the right place or person.
FHA loans
at a glance.
- FHA loans cater to borrowers with credit scores as low as 500, making homeownership attainable for a broader range of individuals.
- With a minimal down payment requirement of 3.5%, FHA loans offer an accessible entry point into the housing market.
- These loans are insured by the Federal Housing Administration (FHA), giving lenders assurance and potentially resulting in more favorable loan terms for borrowers.
- FHA loans provide options for refinancing, enabling borrowers to secure better interest rates and reduced monthly payments, contributing to long-term financial stability.
- Borrowers can choose between fixed-rate and adjustable-rate FHA loans, customizing their loan structure to align with their financial preferences.
Understanding the FHA Loan Process in the Franklin Office:
Acquiring an FHA loan through the Franklin Office entails several essential steps:
Initiate the process by obtaining pre-approval, providing necessary documentation to determine the eligible loan amount.
Ensure your desired property meets FHA standards for safety and habitability.
Submit a thorough loan application, detailing your financial background, employment history, and property details.
Our Franklin Office will review your application and documents to assess eligibility and establish loan terms.
Upon approval, finalize the transaction by signing the required paperwork, officially stepping into homeownership.
Initiate the process by obtaining pre-approval, providing necessary documentation to determine the eligible loan amount.
Ensure your desired property meets FHA standards for safety and habitability.
Submit a thorough loan application, detailing your financial background, employment history, and property details.
Our Franklin Office will review your application and documents to assess eligibility and establish loan terms.
Upon approval, finalize the transaction by signing the required paperwork, officially stepping into homeownership.
Applying for a home has
never been easier
Our quick and secure process takes less than 10 minutes to apply.
Learn more about
FHA loans
FHA loans are primarily meant for primary residences, making them unsuitable for second homes or investment properties.
While there’s no strict minimum income requirement, your debt-to-income ratio will be evaluated to ensure affordability.
Yes, explore the FHA 203(k) program, which combines the costs of home purchase and renovations into a single loan, facilitated by our Franklin Office.
FHA loans can be used for various property types, including single-family homes, condos, and multi-unit properties, as long as they meet FHA standards.
Yes, you can refinance a conventional loan into an FHA loan, provided you meet the FHA’s eligibility criteria and guidelines.
By understanding the FHA loan process and its benefits and limitations, you can make well-informed decisions about your homeownership journey through our Franklin Office in Leipers Fork, Pasquo, Arrington, and Nolensville.
By understanding the FHA loan process and its benefits and limitations, you can make well-informed decisions about your homeownership journey through our Franklin Office in Leipers Fork, Pasquo, Arrington, and Nolensville.
“Our loan officer was very helpful and kept us in the loop with updates on everything. As a first-time buyer it was an amazing experience to have a team of people that were truly trying to help me and my family get a home.”
Kassandra H.
Let's get you home.
Flexible requirements, low credit score qualifying, & as little as 3% down. Our local loan experts will help guide you.
