FHA Loans
FHA loans are government-backed loans that are not actually loans themselves. Instead, the FHA "insures" loans so that if the buyer defaults for some reason, the lenders will get their money. This encourages lenders to give mortgages to people who might otherwise not qualify for a conventional loan.

FHA financing is for low to moderate income Americans, and has established "maximum" household income requirements for qualification. Through FHA financing, you may be able to get a loan for as little as 3% down.

FHA financing can only be obtained from approved lenders. A HomeServices Lending representative can help you determine if you qualify for this type of financing. HomeServices Lending can also counsel you regarding the other special financing programs we offer. Contact us today to help you identify the loan program that best suits your needs!

In conjunction with HomeServices Lending , Semonin REALTORS offers a step-by-step outline of the home-buying process, which includes obtaining financing for the home of your dreams. We also offer some financing tips to help you along in the process.