FHA Loans

Does a FHA Loan Make Sense for You?

An FHA Loan is a great option for a first time home buyer or an individual who has less than perfect credit. Everyone has a different situation and we specialize in helping our customers receive the best loan at the best rate for their individual situation. Contact us for more information and to speak with a Licensed Professional Mortgage Expert. Contact us and get the home of your dreams today!

FHA Loans by American Capital Financial


What is an FHA Loan?

An FHA loan is a mortgage loan backed by the US Federal Housing Administration and is distributed by an FHA-approved lender. Basically, the government insures the loans for the FHA-approved lenders to reduce their risk of loss in case of default.

What are the Advantages of an FHA Loan?

FHA loans are relatively easy for first time home buyers to get because they require a significantly smaller down payment (3.5%) and a buyer does not need perfect credit. FHA loans have allowed many people to buy homes that could not afford to put 20% down with a conventional loan.

What are the Disadvantages of an FHA Loan?

An FHA loan requires two types of mortgage insurance premiums. The Upfront Mortgage Insurance Premium that must be paid at closing or factored into the loan, and the Annual Mortgage Insurance Premium that is paid monthly in addition to a mortgage payment.

This is only a brief description of the FHA loan. Please Contact Us for more information regarding FHA loans and learn is this option is right for you!

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I refinanced with American Capital Financial, LLC this past summer and could not be more pleased with the service that I received from D.J. Davenport and his team.  Every aspect of the refinance process was clearly explained and smoothly executed.  I was pleasantly surprised by the amount of time …
Blake P.