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Finding the Best FHA Loans

When searching for the best FHA loans, one should look to the lenders that specialize in government loans to find the very best. Understanding the Best FHA Loans | Lenders is particularly key when shopping for a new home to ensure the lender will perform.

What Is an FHA Loan?

A Federal Housing Administration (FHA) loan is a mortgage that is insured by the Federal Housing Administration (FHA). Issued by an FHA-approved lender or mortgage broker. FHA loans are primarily designed for low-to-moderate-income borrowers with lower credit score requirements than conventional loans.

FHA Loan Highlights

• Lower credit scores as low as 580 for Valor Lending Group’s FHA Loan
• Low down payment – Only 3.5% down
• Max Loan amounts – depend on your county loan limits | Check you county loan limits here
• Requires that the borrower purchase private mortgage insurance
• Most FHA Lenders still close the loan within the expected 30 day window
• No Jumbo Loans – Maximum loan amounts are limited to your counties high balance aka super conforming loan limits
• These are government backed loans
• Property types include SFR’s, 1-4 residential units, manufactured homes on permanent foundations and more
• Requires a full underwrite with limited debt to income ratio’s (DTI)

Valor Lending Group specializes in Gov y loans (government loans) including FHA and VA programs. Feel free to call or email us with more questions and we will be happy to share our vast knowledge.

Recap of our Loan Products:

1. Stated Income Loans (No Tax Returns, no W-2s, No P&L) up to $3M

2. Bank Statement Income Loans (Great Bank Statement Programs for business owners and self-employed)

3. Hard Money Loans (As low as 20% down / minimal documentation) Fund in 7-10 days.

4. Flipper Loans (Flip a property with one of our many options) up to 90% leverage

5. Commercial Line of Credit

6. 100% Financing (cross collateralize- hard money)

7. Foreign Nationals Loans (no social security or residency required)

8. Raw Land & Lot Loans

9. Ground up Construction for spec homes, custom homes and commercial ground up to $500M.

10. 2nd Position Loans up to $5M

11. Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow

12. Farms, Vineyards, Ranches and Agricultural Properties (20-30% down)

13. 10% down Jumbo’s with NO MI up to $1.5M

14. Manufactured Housing / Mobile Homes (20% down / 620+ credit score)

15. Acreage Properties

16. Commercial Loans up to $500M

17. 5% down Jumbo (Up to $2M Lender paid PMI)

We also offer:

1. 10, 15, 20, 25, 30 year Fixed, Conventional Conforming Loans (under $484,350)

2. High Balance Conforming aka Super Conforming (from $484,350-$726,525)

3. Jumbo’s to $10 Million / Super low rates! / 10% down Jumbo to $3mm

4. FHA Loans, VA Loans, USDA

5. ARM’s

6. Reverse mortgages up to $10 Million Value