FHA Mortgage Loans at NOLA Lending Group

Your Path to Homeownership Starts Here 

The dream of homeownership is within reach with FHA loans from NOLA Lending Group. Designed to make purchasing a home more accessible, FHA loans are ideal for first-time home buyers and anyone looking for a flexible, affordable mortgage option. Backed by the Federal Housing Administration (FHA), this type of home loan offers unique benefits that make it stand out from other mortgage options. 

At NOLA Lending Group, we make it easy to turn your dream of homeownership into a reality. Whether you’re a first-time home buyer or looking for a better financing option, we have the expertise to guide you.  Contact one of our experienced mortgage lenders today to explore your options and take the first step toward your new home. 

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What is an FHA Loan? 

An FHA loan is a mortgage loan insured by the Federal Housing Administration, a government-backed program created to boost homeownership across the United States. With FHA loans, borrowers benefit from: 

• Low down payment requirements: With as little as 3.5% down, you can become a homeowner faster. 
• Flexible credit requirements: FHA loans are accessible to borrowers with less-than-perfect credit scores, making it a popular option for first-time home buyers. 
• Assumable mortgages: If you sell your home, the buyer can take over the FHA loan (subject to lender approval). 
• Co-applicants allowed: A co-applicant can help you qualify, even if they don’t plan to live in the home. 

These features make FHA loans a great alternative to conventional home loans, especially for buyers seeking affordable and accessible options. 

Benefits of Choosing NOLA Lending Group 

At NOLA Lending Group, we understand that every buyer’s journey is unique. Let us help you make the most of your FHA loan benefits, whether you’re buying your first home or upgrading to your next one. 

When you choose us for your mortgage loan, you’re choosing: 

• Expert guidance: Our team of seasoned mortgage lenders specializes in FHA loans and can walk you through the application process step by step. 
• Local knowledge: As a trusted mortgage lender in the region, we know the local housing market and are committed to helping you find the best solution for your needs. 
• Fast approvals: We streamline the loan process so you can focus on finding your dream home. 

Who Qualifies for an FHA Loan? 

FHA loan requirements are more flexible than those for conventional home loans, making them a top choice for many buyers. Our mortgage lenders can help assess your situation and guide you on the best path forward. 

Here’s what you need to know: 

Basic FHA Loan Requirements: 

• Credit Score: A minimum credit score of 580 is typically required to qualify for the 3.5% down payment option. Borrowers with scores between 500 and 579 may still qualify with a higher down payment. 
• Steady Employment History: Proof of consistent income over the past two years is essential. 
• Debt-to-Income Ratio: Your debt-to-income (DTI) ratio should generally be below 43%, though exceptions can be made for strong compensating factors. 
• Property Requirements: The home must meet FHA standards and be your primary residence. 

Why FHA Loans Are Great for First-Time Home Buyers 

For first-time home buyers, FHA loans provide a practical and affordable way to enter the housing market. The combination of lower credit requirements, smaller down payments, and competitive interest rates allows many buyers to achieve their goals sooner. 

Compared to a conventional home loan, FHA loans offer more flexibility and fewer upfront costs, making them a preferred option for buyers navigating their first purchase. 

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*The services and products advertised are not approved or endorsed by HUD, USDA, the Department of Veterans Affairs, or any government agency.

LENDING IN ALL STATES EXCEPT: KANSAS, MARYLAND, NEW JERSEY, AND NEW YORK

Information stated above is subject to change without notice. All applications are subject to underwriting guidelines and approval. This does not constitute an offer to lend or offer an extension of credit. All loans are subject to credit approval. Not all applicants will qualify for all products offered. All loan programs, terms and interest rates are subject to change without notice and may only be available in select markets.