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FHA Loan Application

Our Federal Housing Administration (FHA) Loans are designed to simplify your homebuying journey.

If you don’t qualify for a conventional loan or you have a lower credit score, the FHA Loan offers an alternative route to home ownership.

If you’re ready to apply for an FHA Loan, DSLD Mortgage can make the process stress-free. Check if you qualify for an FHA Loan by requesting a callback from one of our Loan Officers.

Request a Free Loan Consultation

Check if you qualify for a mortgage by requesting a callback from one of our Loan Officers.

Name(Required)
This field is for validation purposes and should be left unchanged.

Request a Free Loan Consultation

Check if you qualify for a mortgage by requesting a callback from one of our Loan Officers.

Name(Required)
This field is for validation purposes and should be left unchanged.

FHA Loan Advantages

The FHA Loan comes with a lower credit score requirement and lower down payment requirements, making this type of loan a popular choice for first-time home buyers and those with a less-than-perfect credit score.

Here are the key details of an FHA Loan:

  • Easier Credit Qualifications: Lower Credit score requirements than other loan types.
  • Shorter Time to Qualify After Financial Setbacks: Bounce back faster from financial hiccups.
  • Low Down Payment: With a low down payment of just 3.5%, FHA Loans make homeownership attainable for many.
  • Low (or No) Closing Costs: Skip the hefty fees. Move in sooner.

Request a Free Loan Consultation

Check if you qualify for a mortgage by requesting a callback from one of our Loan Officers.

Name(Required)
This field is for validation purposes and should be left unchanged.

Request a Free Loan Consultation

Check if you qualify for a mortgage by requesting a callback from one of our Loan Officers.

Name(Required)
This field is for validation purposes and should be left unchanged.

couple say on a touch reading

FHA Loan Application Process

01

Request a Free Loan
Consultation

Connect with one of our Loan Officers to discuss your homebuying goals. We will typically pre-qualify you for an FHA within 24 hours.

01

Request a Free Loan
Consultation

Connect with one of our Loan Officers to discuss your homebuying goals. We will typically pre-qualify you for an FHA within 24 hours.

02

Download the
App

Complete your mortgage application and upload the necessary documents via our secure app. Download the DSLD app now.

02

Download the
App

Complete your mortgage application and upload the necessary documents via our secure app. Download the DSLD app now.

03

Submit Your
Application

We’ll review your application and let you know if you qualify for an FHA Loan. Once you’ve sent us your paperwork, we can normally do this within a week.

03

Submit Your
Application

We’ll review your application and let you know if you qualify for an FHA Loan. Once you’ve sent us your paperwork, we can normally do this within a week.

04

Close on Your
New Home

We’ll be there through closing to ensure the process is straightforward and stress-free.

04

Close on Your
New Home

We’ll be there through closing to ensure the process is straightforward and stress-free.

Our Loan Officers will guide you through each step, providing expertise tailored to your unique needs and circumstances.

We take the time to listen and learn exactly what you need so that you can move forward with confidence.

FAQs about FHA Loans

An FHA Loan, which stands for Federal Housing Administration Loan, is a unique type of mortgage. It’s specifically insured by the FHA, ensuring a safety net for lenders and making homeownership more accessible to those who may not qualify for a Conventional Loan.

Designed for low to moderate-income applicants and first-time home buyers, the FHA Loan is accessible even to those who have lower credit scores. This approach allows many to apply for an FHA Loan online and get a chance at homeownership, even if their financial history isn’t perfect.

When you’re looking to apply for an FHA Loan, it’s essential to understand what sets it apart from a Conventional Loan. FHA Loans, backed by the Federal Housing Administration, often come with lower interest rates and lower credit score requirements, and do not require PMI, making them an attractive option for many aspiring homeowners.

But that’s not all. The FHA Loan application process is designed with you in mind. With smaller down payments and more lenient qualifying criteria than conventional loans, it’s an approachable path for many with a straightforward FHA Loan application process, especially those stepping into their first home or seeking a fresh start in their homeownership journey.

While FHA Loans are open to everyone, they’re especially popular among first-time homebuyers and those with less-than-perfect credit. FHA Loans are specifically designed to make homeownership accessible to a broader range of people. Their lower interest rates and smaller down payments offer a favorable alternative for those who might find the conventional loan process and requirements a bit intimidating.

When you apply for an FHA Loan, you’re not just getting a mortgage; you’re getting an opportunity. The lenient qualifying criteria of the FHA Loan application means that even if you have flaws in your financial history, you may have a path forward with DSLD Mortgage.

FHA Loans are known for their more flexible requirements compared to conventional loans. To qualify with DSLD, you’ll need a minimum credit score of 620. Your debt-to-income ratio (DTI) should generally be below 43%, although some exceptions may apply. Additionally, the home you intend to purchase must meet FHA appraisal standards.

The FHA Loan application process starts with finding an FHA-approved lender, like DSLD Mortgage.  You’ll begin with a pre-qualification to get an estimate of how much you may qualify for. Next, you’ll submit a full application with supporting documentation. Your lender will then have the property appraised and send your file for underwriting review.  Before you know it, you’ll move on to closing!

To streamline your FHA Loan application, gather documents like recent pay stubs, W2s, tax returns, bank statements, proof of residence, your Social Security card, and a valid ID. Your lender will provide a complete list of what’s needed based on your individual circumstances.

The FHA Loan application process can take from a few weeks to a few months. The timeline depends on how quickly you supply all the necessary documentation, the underwriter’s workload, and other factors. Working with an experienced lender can help make the process as smooth and efficient as possible.

FHA Loans come with closing costs like any other mortgage. Expect to pay fees for the appraisal, loan origination, title services, and more.  Some of these closing costs might be rolled into your loan amount or potentially negotiated with the seller.

Yes, you can refinance your existing mortgage with an FHA Loan. This can be a great way to potentially lower your interest rate, change your loan term, or tap into your home’s equity with a cash-out refinance.

Yes, when you apply for an FHA Loan, there are specific limits to how much you can borrow. The county and state where you plan to purchase a home determines these FHA Loan limits. Awareness of these limits is essential as they can influence your home-buying choices.

To ensure you get the most relevant and accurate advice tailored to your unique situation, we recommend connecting with one of our dedicated Loan Officers. When you decide to embark on the FHA Loan application process with DSLD Mortgage, our team is here to guide you, ensuring you’re well-informed and confident every step of the way.

Ready to Begin Your Homeownership Journey?

Hear It From Our Homeowners

At DSLD Mortgage, our proudest moments come from the stories and experiences shared by the families we’ve helped.

Dive into their journeys and discover why so many trust us with their dreams.

Get Expert Tips and Personalized Mortgage Advice

Keep up-to-date with the latest home trends, and interest rates, and be the first to know about special offers.

Want to Talk?

We’re more than just a lender. We’re your partner in the homebuying journey.

Reach out, and let’s discuss your homebuying dreams. Our team is eager to listen and provide a tailored plan for you.

Request a Free Loan Consultation

Check if you qualify for a mortgage by requesting a callback from one of our Loan Officers.

Name(Required)
This field is for validation purposes and should be left unchanged.

Request a Free Loan Consultation

Check if you qualify for a mortgage by requesting a callback from one of our Loan Officers.

Name(Required)
This field is for validation purposes and should be left unchanged.

family of 4 relaxing on a couch

Want to Talk?

We’re more than just a lender. We’re your partner in the homebuying journey.

Reach out, and let’s discuss your homebuying dreams. Our team is eager to listen and provide a tailored plan for you.

Request a Free Loan Consultation

Check if you qualify for a mortgage by requesting a callback from one of our Loan Officers.

Name(Required)
This field is for validation purposes and should be left unchanged.

Request a Free Loan Consultation

Check if you qualify for a mortgage by requesting a callback from one of our Loan Officers.

Name(Required)
This field is for validation purposes and should be left unchanged.

family of 4 relaxing on a couch