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Citizens Home Loans of America


Federal Housing Administration(FHA) Loans


New Purchase Loans

Your local source for FHA Loans

FHA mortgage loans are an attractive mortgage solution for a purchase or refinance because today's FHA mortgage rates are near historic lows. The guidelines are also flexible allowing more people to qualify. Whether you have had credit issues in the past or are simply looking to limit your down payment to 3.5%, an FHA loan might be an ideal home financing solution. Citizens Home Loans of America is one of the top FHA lenders in the area - call us today at 888-342-6550 to learn more.

What is a FHA Mortgage Loan?


An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). Essentially, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments. The FHA program was created in response to the rash of foreclosures and defaults that happened in the 1930s; to provide mortgage lenders with adequate insurance; and to help stimulate the housing market by making loans accessible and affordable. Nowadays, FHA loans are very popular, especially with first-time home buyers.

FHA Loan Options


Purchase Loan - If you are buying a home, your down payment can be as low as 3.5% of the price of the home. FHA also allows seller concessions up to 6% of your home purchase price. First time home buyers may also receive a tax credit of up to $8,000 and $6,500 for previous home owners (consult with your tax advisor for all the details).

Debt Consolidation
- If you are swamped with too many monthly payments – credit cards, personal loans, car payments, 2nd liens, and other debt – now may be the best time to consolidate that debt into a single mortgage payment using a FHA loan. Your single, consolidated payment may be much lower than the total amount of individual payments you are making now. Plus, the interest may be tax deductible (consult your tax advisor).

To find out if an FHA home loan is right for you, call us now at 888-342-6550 or apply online.

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Citizens Home Loans of America is an approved lender of the U.S. Department of Housing and Urban Development (HUD) and Federal Housing Administration (FHA) insured mortgage programs. As an authorized program sponsor of the Federal Housing Administration, Citizens Home Loans can begin processing your application immediately.
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©2014 Citizens Home Loans of America, Inc., All rights reserved. NMLS # - 106883, OH - MB.803898.000, FL - MLD1061, TN - 109003, KY - MC79231, IN - 15042, CA - 603L324. AZ Branch NMLS # - 1145343, AZ - BKBR-0119050