FHA Mortgage | Michael Gonzalez
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Michael Gonzalez | NMLS# 2265374
LOAN OFFICER

FHA Mortgage

NJ Lenders Corp.

Let us help you achieve your dreams with a Federal Housing Administration (FHA) Loan featuring a lower

LendGen helps you achieve your homeownership goals with a Federal Housing Administration (FHA) Loan featuring a lower down payment.

What is the Federal Housing Administration?
The Federal Housing Administration (FHA) is a government entity that provides mortgage insurance on loans offered by FHA-approved lenders. The FHA provides insurance on mortgages for a variety of homes, including both single-family and multifamily dwellings. The FHA is funded entirely by self-generated income, meaning there is no cost to taxpayers for its operation and services.

FHA History
The FHA was originally created in 1934 as a direct response to difficulties in the housing industry such as unfavorable mortgage loan terms, low rates of homeownership nationwide and widespread unemployment among construction workers  FHA loans don’t just benefit the potential homeowner – they are also meant to benefit the economy as a whole by stimulating economic development, expanding tax bases, and creating jobs.

What are FHA Loans?
FHA loans are insured by the Federal Housing Administration and designed to help first-time homebuyers and experienced homeowners alike by providing a low down payment option. FHA mortgage insurance serves as protection for lenders in the event of a homeowner defaulting on their home loan.

How an FHA Loan Benefits You
FHA loans give potential homeowners the option of making a lower down payment than if they opted for a traditional, non-FHA insured mortgage.  

Other FHA loan benefits include:

  • Down payments as low as 3.5%
  • Guaranteed by the government
  • Less than perfect credit can apply
  • Energy-efficient mortgages, reverse mortgages, refinances, and renovation loans are also available

Get Pre-Qualified for an FHA Loan
LendGen home loan professionals are here to guide you through the FHA loan process with expert knowledge, competitive rates, and first-class service. Let’s get started today. Get started today.