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FHA Loans

FHA Loans

How Much Cash Do I Need To Buy My Home?

builder-financing-imgSection 203(b), also known as FHA loans are the centerpiece of FHA’s single-family mortgage insurance programs, the successor of the program that helped save homeowners from default in the 1930s, helping to open the suburbs for returning veterans in the 1940s and 1950s. That helped shape the modern mortgage finance system.

Today, FHA One- to Four-Family Mortgage Insurance is still an important tool through which the Federal Government expands homeownership opportunities for first-time homebuyers and other borrowers who would not otherwise qualify for conventional mortgages on affordable terms, as well as for those who live in underserved areas where mortgages may be harder to get. These obligations are protected by FHA’s Mutual Mortgage Insurance Fund, which is sustained entirely by borrower premiums.

This program provides mortgage insurance to protect lenders against the risk of default on mortgages to qualified buyers. Insured mortgages may be used to finance the purchase of new or existing one- to four-family housing, as well as to refinance debt.

Anyone intending to use the mortgaged property as their primary residence is eligible to apply and be considered for an FHA insured mortgage through FHA-approved lenders.

Any person can apply for an FHA insured mortgage, but it is limited to owner-occupants.

Please view our Disclosures page for details.

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Call Theresa Springer (MLO #70667/NMLS #70667) today at 360-798-4161 to see the difference that working with an experienced home loan professional can make for you.

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Word on the Street...

"We would like to attest to the professional services we received from Theresa Springer. She was able to obtain an home loan on our extremely complicated real estate transaction. Additionally, we were under a time constraint due to the numerous loan rules that challenge borrowers today. Theresa was able to work with us in a knowledgeable, efficient and detailed fashion. She was always responsive to our questions and needs, even after hours and on the weekends. We fully recommend Theresa to anyone seeking to obtain a mortgage." -- Ken and Kiri T., Brush Prairie

Testimonials appearing on this site are individual experiences from those who have worked with Theresa Springer. They are individual results and results may vary.