FHA Loans

Learn about FHA Loans

Nationwide Equities is a Federal Housing Administration (FHA) approved lender. FHA is part of the U.S. Department of Housing and Urban development (HUD) and offers a variety of federally insured loans to consumers throughout the USA. Below are a few of the features and benefits of FHA loans as compared to conventional loans:

Features & Benefits

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Frequently Asked Questions

Are FHA loans available only to lower income borrowers?

No. There are no income restrictions. Any borrower that meets FHA’s credit guidelines may purchase or refinance a 1-4 unit property with an FHA insured loan.

Are you able to finance improvements with an FHA loan?

Yes. FHA’s 203k program allows for repairs and improvements to be financed for a home purchase or refinance similar to a construction loan.

How is FHA funded?

FHA is the only government agency that operates entirely from its self-generated income and costs the taxpayers nothing. The proceeds from the mortgage insurance paid by the homeowners are captured in an account that is used to operate the program entirely. FHA provides a huge economic stimulation to the country in the form of home and community development, which trickles down to local communities in the form of jobs, building suppliers, tax bases, schools, and other forms of revenue.

Does FHA offer financing for condominiums?

Yes. FHA approved condominiums are eligible for financing.

Are there FHA Lending Limits?

Yes. FHA loan limits vary depending on property units and the lending market.