FHA Loans, Hinesville, GA

HomeMortgage Loans, Hinesville, GAFHA Loans, Hinesville, GA

FHA loans can be easier to obtain and an ideal solution for many borrowers.

It might surprise you how often families qualify for FHA loans when they were skeptical about getting approved. The reality is that since these loans are insured by the FHA (Federal Housing Administration), mortgage lenders can utilize less stringent underwriting requirements because they are able to reduce their risk of loss if the borrower were to default. If you have less than the 20 percent down payment or a credit score that isn’t quite what you’d hope, it is worth looking into FHA loans. At Harbor Mortgage Company, we are knowledgeable about the FHA program and can walk you through the process, as well as answer all your questions about how to look your best to lenders.

FHA Loans in Hinesville, Georgia

One piece of good news about FHA loans is that they are more flexible than you might imagine. For example, if you don’t quite have the credit score they are looking for, you can still potentially get approved by providing a higher down payment. Your credit worthiness is reviewed on a case-by-case basis to determine whether an approval can be offered and under what terms. Even some factors that would exclude a borrower from a conventional loan might not be dealbreakers for FHA loans. For example, coming out of bankruptcy or having faced a foreclosure in the past are often problematic, yet you may be able to obtain an FHA loan if you have re-established good credit since then.

If you would like to learn more about FHA loans so you can purchase a home in the Hinesville, Georgia area, reach out to us to schedule a face-to-face consultation. We are happy to go over the loan requirements, the advantages of FHA loans, and other information you need to know.

At Harbor Mortgage Company, we offer FHA loans to those in Savannah, Bloomingdale, Fort Stewart, Garden City, Georgetown, Hinesville, Pooler, Port Wentworth, and Richmond Hill, Georgia, as well as Bedford, Carrollton, Colleyville, Coppell, Flower Mound, Grapevine, and South Lake, Texas.