FHA Loan

FHA Loan:

FHA mortgage loans are issued by federally qualified lenders and insured by the U.S. Federal Housing Authority, a division of the U.S. Department of Housing and Urban Development.

Compass Lending Solutions has been an approved FHA lender since 2004.

FHA loans are an attractive option, especially for first-time homeowners:

  • Much easier to qualify for than conventional loans.
  • Lower down payment requirements 3.5% minimum down.
  • Cannot exceed statutory loan limits.
  • Down payment can be a gift from a family member.

Learn more about FHA loans. (Department of Housing and Urban Development)