How to Get an FHA Loan
Make sure you qualify for an FHA loan.. Meet with an FHA-approved mortgage lender or broker in your area.. Save money for a down payment.
Steps
1
Make sure you qualify for an FHA loan.
Make sure you qualify for an FHA loan.
2
Meet with an FHA-approved mortgage lender or broker in your area.
Meet with an FHA-approved mortgage lender or broker in your area.
3
Save money for a down payment.
Save money for a down payment.
4
Supply necessary documents.
Supply necessary documents.
5
Complete a loan application.
Complete a loan application.
6
Have the property appraised.
Have the property appraised.
7
Complete the FHA loan transaction by signing the closing papers.
Complete the FHA loan transaction by signing the closing papers.
8
Know the pros and cons of FHA loans.
Know the pros and cons of FHA loans.
9
Determine whether you can afford monthly FHA mortgage payments.
Determine whether you can afford monthly FHA mortgage payments.
10
Seek advice.
Seek advice.
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