FHA Loans

FHA Loans Made Simple with 10th Mortgage Lending

Get expert guidance from a 10th Mortgage loan officer and make your dream of homeownership a reality.

Why FHA Loans Are a Great Choice

FHA loans are government-backed loans and designed to make buying a home easier. They’re perfect if you’re a first-time buyer or if your credit isn’t perfect.

• Low Down Payment: As little as 3.5% down.

• Flexible Credit Requirements: Easier qualification for those with less-than-perfect credit.

• Competitive Interest Rates: Often lower than other loan types.

• Helpful Loan Officers: We’ll help guide you every step of the way.

You don’t need to figure this all out alone. At 10th Mortgage Lending, you can speak with one of our friendly and certified loan officers to help you understand and find which options will work best for you.

FHA Loan Requirements

To qualify for an FHA loan, you generally need:

• Credit Score: Minimum of 580 for 3.5% down payment; (500–579 may qualify with a 10% down payment.)

• Down Payment: At least 3.5% of the home price.

• Steady Income: Typically, two years in the same job or field.

• Proof of Legal Residency: U.S. citizen or legal resident.

Note: Specific requirements may vary; consult with one of our professional loan officers for personalized information.

How 10th Mortgage Can Help You

• Call to Schedule an Appointment: When you book to schedule an appointment with one of our certified loan officers, we’ll talk about your goals & finances & help answer any questions you may have before starting the full process.

• Get Pre Approved: We’ll review your finances and credit to determine how much you can afford. You’ll also get a pre-approval letter, which shows sellers you’re a serious buyer, and help identify areas to improve your credit or finances before buying.

• Find a Home: Once you’re pre-approved, we’ll help you find a property that meets FHA requirements. We’ll go over things such as home inspections, appraisals, and FHA Property Standards so you can have a clear picture of what you can afford and the steps to take to make an offer. 

• Loan Application: We’ll help you complete the FHA Loan Application accurately and quickly so you can get your dream home faster.

• Underwriting: Once the Loan Application is sent, an underwriter from the lender will review your application and property details. Your certified Loan Officer from 10th Mortgage Lending will help coordinate and handle the necessary paperwork for this. 

• Closing: Once everything has been approved we’ll guide you through the closing steps so you know exactly what to expect on signing day.

Our professionally licensed loan officers at 10th Mortgage Lending make each step clear and simple, so you’ll never feel lost in the process.