FHA Loans

Find out about FHA Loans from Raleigh’s Leading Mortgage Company

If you want to buy a home but can’t afford a large down payment, get in touch with Integrated Funding, a Raleigh mortgage company, to learn more about FHA loans.

What is an FHA Loan?

Federal Housing Administration Loans can help you purchase a home with a lower down payment. This program has been around for more than 75 years. Through it, the FHA backs investor-funded loans that promote homeownership to those with limited assets or less than perfect credit. This loan program is ideal for those who can’t afford large down payments because it allows borrowers to put down as little as 3.5%.

Furthermore, there is flexibility with an FHA loan. Rates can be fixed or adjustable, and borrowers may choose a loan term that best suits their needs, with 15 and 30-year terms being the most common.

Are There Limitations on FHA Loans?

FHA loans have no geographic or income limitations. The only limitation set by the FHA is on loan amounts. These limitations are on a county-by-county basis and are set based on the median loan amount in your area. One of our Raleigh mortgage team members can give you more information about the limits in your area of the Triangle.

Like any loan, there are also limits based on credit score and housing/debt ratio.

Call Integrated Funding in Raleigh to Learn More About FHA Loans in Raleigh & Beyond

To find out whether an FHA loan is right for you, contact the mortgage advisors at Integrated Funding, serving Raleigh, Charlotte, Wilmington, and beyond. We’ll help you understand your mortgage options and other loan programs, custom-fitting a loan to your unique situation so you can purchase the home you want.

Integrated Funding is proud to offer guidance and assistance with a variety of loan programs including FHA loans in the North Hills area and throughout Raleigh, Cary, Apex, Wake Forest, and surrounding areas or North Carolina from Wilmington to Charlotte.