FHA Loan

Are you an aspiring home owner? Innovative Mortgage has been proudly serving the Tri-Cities community and Washington State for over 19 years as your local Mortgage Broker. Our FHA loan program is a superb program for individuals seeking low down payment options, higher debt to income qualifying ratios, and easier requirements and guidelines than traditional mortgages. In fact, FHA loans are specifically designed for borrowers who are unable to make large down payments and/or who may have less than perfect credit. The Federal Housing Administration (FHA) provides mortgage insurance on loans made by FHA approved lenders like us. FHA insures these loans on single family and multi-family homes in the United States and its territories. It is the largest insurer of residential mortgages in the world.

For more details on FHA loans, call us today at 509-737-2000.

What you should know about FHA loans

Buying a home can be stressful and navigating the world of mortgage loans can make an already complex process even more complicated. If you are considering applying for a FHA home loan, you should know that:

• Qualifying for an FHA loan is simple
• FHA Loans are government insured loans offering competitive interest rates and PMI
• Down payments as low as 3.5%
• Subject to loan limits by county (Currently single family home loan limit is $294,515 for Benton & Franklin Counties)
https://www.fha.com/lending_limits_state?state=WASHINGTON

Want to learn more about your FHA loan options? Schedule a consultation with Innovative Mortgage today.