Paul Dunn (520) 225-0380

FHA Mortgage Loans And The First Time Home Buyer

Although FHA Mortgage Loan financing was not originally designed for the First Time Home Buyer, it's mortgage qualifying characteristics and requirements make it ideal for the buyers looking to purchase their first home.

Back in 1934 the Federal Housing Administration (FHA) was established to improve housing conditions and standards.  It had a goal of providing adequate and accessable home financing through the government insurance of mortgages, with an additional goal of stabilizing the mortgage market.

Today FHA Mortgage Loans play a significant role in financing for:

• First Time Home Buyers
• Buyers with little or no money to put down
• Buyers with NO CREDIT HISTORY
• Buyers with a troubled credit history (Bad Credit Mortgage Loans)

Current mortgage trends are for tightening credit in the Conventional Mortgage Loan arena making it much more difficult to obtain financing for First Time Home Buyers with a Conventional Mortgage. 

The FHA Mortgage Loan allows us to not just let a computer make a decision on whether you deserve to buy a home or not.  Your loan will be underwritten by a real person who is looking for reasons to approve your mortgage loan.  Our job is to package your loan application to prove that you are deserving of your first home.

To ask me about your options you can contact me through this website or call Paul Dunn at (520) 225-0380.