What is Basic FHA Insured Home Mortgage?
This program can help individuals buy a single family home. While U.S. Housing and Urban Development (HUD) does not lend money directly to buyers to purchase a home, Federal Housing Administration (FHA) approved lenders make loans through a number of FHA-insurance programs.See less
Who is eligible for Basic FHA Insured Home Mortgage?
Home buyers or current homeowners who intend to live in the home and are able to meet the cash investment, the mortgage payments, eligibility and credit requirements, can apply for a home mortgage loan through an FHA-approved lender.
What are the loan terms for Basic FHA Insured Home Mortgage?
Please contact an FHA-approved lender for loan term information.To find an approved lender, please visit:
https://www.hud.gov/program_offices/housing/sfh/lender/lenderlist
| Max Loan Length | 30 years |
|---|---|
| Interest Rate | Market |
| Max Loan Amount | Based on area loan limit |
| Payment Frequency | Monthly |
| Prepayment Penalties | Not permitted |
| Max Loan Length | Varies |
How do I apply for Basic FHA Insured Home Mortgage?
To obtain an FHA insured mortgage, contact an FHA-approved lender:
https://www.hud.gov/program_offices/housing/sfh/lender/lenderlist
How can I contact someone?
To read more about the home buying process, go to:
http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/ins/203b–df
To contact a HUD Housing Counseling agency, go to:
http://www.hud.gov/counseling/
To contact the Federal Housing Administration (FHA), please use one of the following methods:
Visit:
The FHA Resource Center
Write to:
U.S. Department of Housing and Urban Development
Federal Housing Administration
451 Seventh St., SW
Washington, D.C. 20410
Call:
1-800-CALL-FHA (1-800-225-5342) or via Federal Information Relay Service (w/TTY): 1-800-877-8339
Email:
[email protected]
1-800-225-5342
(benefits.gov)
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