FHA Loan

At NASB we can help you get pre-approved, pre-qualified and apply online for an FHA loan with the the best FHA loan rates available so you can get into your dream home.

Call us 855-465-0753 

Key Features

Credit requirements not as stringent as conventional loans

FHA loans require only a 3.5% down payment

Friendlier debt ratios than other loans

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We help make home buying easier with great FHA loan rates.

An FHA loan is one of the best mortgage solutions for the credit-challenged and first time home buyer. FHA loan guidelines were created to help those with difficulty getting conventional loans, with lower credit score requirements, plus a low 3.5% down payment option. As long as you meet the minimum credit score, debt-to-income ratio, and other necessary eligibility requirements, you could be FHA pre-approved and pre-qualified with great FHA loan rates and on your way to home ownership. Earning the privilege to lend FHA loans is a responsibility we take seriously. That's why as an FHA-approved bank, we adhere to a high level of lending standards.

FHA Loan Guidelines & Requirements

  • You must have a valid Social Security number and be a legal resident of the United States
  • You'll need to have steady employment history
  • A down payment of at least 3.5% is required for a credit score of 620 or higher. However the money can be gifted from a family member
  • FHA loans are only available for a primary residence
  • The property must be appraised by a FHA-approved appraiser and needs to meet certain standards
  • The front-end ratio (mortgage payment plus homeowners association fees, property taxes, mortgage insurance, home insurance) will need to be less than 31% of your gross monthly income
  • Monthly debts (credit card payments, car payment, student loans, etc.) need to be less than 43% of gross monthly income
  • Prior foreclosures need to be season over 36 months and you need to have re-established good credit
  • Prior Chapter 7 Bankruptcies need to be seasoned over 24 months since the discharge date
  • Prior Chapter 13 Bankruptcy – FHA allows to be not discharged as long as they have satisfactorily made 12 months of payments of the payout period
  • Here's the answers to common FHA loan questions.
  • Learn the process and what you need to apply.
  • Easy-to-understand answers with additional content links.
  • Get the most up-to-date rates available.
  • For purchase or refinance, all loan types.
  • 15-year and 30-year term options.
Cindy L.
My experience with NASB was exceptional. Everyone went above and beyond. They made the transition from applying for a loan to finalizing very easy and stress free.

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More than $18 billion in home loans in the last decade

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