FHA Financing

An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders protection through mortgage insurance (MIP) in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans.

FHA loan programs are particularly beneficial to those buyers with less available cash. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.

FHA insured loans can also be combined with Down Payment Assistance .

Some of the other benefits of FHA financing:

• Only a 3% down payment is required.
• Closing costs can be financed.
• Lower monthly mortgage insurance premiums and,
  under certain conditions, automatic cancellation of the premium.
• More flexible underwriting criteria than conventional loans
• FHA limits the amount lenders can charge for some closing cost fees (e.g. the origination fee can be no more than 1% of mortgage).
• Loans are assumable to qualified buyers.

Guardian Financial Network is an approved
Direct Endorsement Underwriter for FHA.

Do you have an existing Adjustable Rate Mortgage
and your new payment has you drowning?
At Guardian Financial Network we offer
new FHA Programs that allow you a
cost effective way to refinance
your existing ARM Mortgage. 
Call or Email us today!