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About FHA Loans
Advantages of an FHA Home Loan
Lower Credit Requirements
Low Down Payments
First-Time Buyer Friendly
FHA Home Loans in Fort Collins, Colorado
Frequently Asked Questions
Yes, FHA loans are assumable. If you have an FHA loan and you would like to transfer your outstanding mortgage to another person, you are able to do so.
FHA loan rates are usually lower than conventional rates, but your mortgage insurance could be a little higher. A lot of these details depend on your financial situation, so check with us for more details.
FHA loans do have mortgage insurance, but it’s not PMI. Here’s a little more detail – mortgage insurance (MI) and private mortgage insurance (PMI) are actually two different things! PMI applies to conventional loans, whereas MI applies to government-backed loans (like an FHA mortgage). Both types of insurance are designed to protect the lender in the event the buyer defaults on the loan.