Purchase Fha Mortgages are home loans that are becoming one of the most popular purchase mortgages available. Because the FHA, Federal Housing Administration, insures the mortgage lender against loss if the borrower is unable to pay their mortgage payments, purchase FHA mortgages are very flexible and easier to qualify for than a conventional mortgage.
In many cases it is not an option for a buyer to have 20% of the purchase price available for a down payment. For these borrowers we recommend using a purchase FHA mortgage to allow them to buy a home with only 3.5% as their down payment. FHA mortgage have very competitive interest rates as well which help you save money mover time. If you are shopping for a home to buy, use a purchase FHA mortgage to help you become a home owner today! Why pay a high interest rate when you can qualify for a fha mortgage and close in as little as 10 days! Our loan officers at Riverbank are experienced in Purchase Fha Mortgage loans and offer the lowest FHA mortgage rates available including: