Be a Home Owner

FHA Loan: The Door that Leads to Home Ownership

Be a Home OwnerAlthough a home is one of the most expensive purchases you will ever make, home ownership easily outweighs being a tenant, renter, or lessee. It will give you a sense of pride and satisfaction. Nothing beats the feeling of knowing you have made a long-term, financially sound investment.

One way to make the transition to home ownership is through a loan offered by the Federal Housing Authority (FHA). FHA home mortgage loans have already helped millions of U.S. citizens purchase affordable homes, so consider applying for one to finally realize your dreams of owning a home.

Why FHA?

FHA loans are some of the easiest loans to qualify for, since these require minimal down payment. Even borrowers who have less-than-stellar credit scores can apply. Compared with other types of mortgage, those from the FHA only require a down payment of 3.5 percent. According to, the FHA and VA loans have some similarities.

What You Need to Submit

The FHA needs to obtain many details during the application procedure, and proof that you provided accurate information. You need to provide the following information dating back two years from the time of application:

  • All your addresses
  • Name of your employer(s) and their address
  • Gross Monthly Salary
  • W2 forms
  • Income tax forms

Get these prepared prior to your application, so that you can submit them all at the same time.

Set the Record Straight

Your credit report means everything to you during loan applications, and more so for an FHA loan. Even the tiniest error in this documentation can already lead to a spike in your interest rate, so you should make certain the record is straight and there are no mistakes. There’s no additional expense, so there’s no reason for you not to obtain a copy.

Once you have everything ready, take the first step to an FHA-financed home purchase.

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