FHA Loans – Federal Housing Administration

Pivot Lending Group offers FHA Loans with ease and efficiency. All Federal Housing Administration Loans are underwritten in-house and can close in a very timely manner. Call us to apply for your FHA Loan today or apply online. 303-798-6100.

Pivot Lending Group – FHA Loans Benefits

FHA loans can be the right fit for borrowers. Although it is always worth exploring all your options, the loan offers:

  • Down payment as low as 3.5%.
  • Relaxed lending guidelines and credit score requirements.
  • Can be paired with Down Payment Assistance
  • FHA loans can be assumable by another qualified borrower.
  • Quicker qualification, post bankruptcy or foreclosure.

FHA Loans History

FHA loans were created by the establishment of the Federal Housing Administration (FHA) occurred in 1934 as part of bolstering economic conditions and assistance, in concert with the National Housing Act of 1934 and the New Deal. As of 1965, the FHA became part of the US Department of Housing and Urban Development (HUD). Since inception, the FHA has insured over 34 million mortgage loans and approximately 47,000 multi-family project loans. HUD and FHA currently insure 4.8 million single family mortgages and 13,000 multi-family projects.

It is important to note that this government entity is not a lender, but rather an insurance policy against potential losses suffered by lenders in the case of default. Each and every loan is insured by the FHA to potentially reimburse a lender if they incur a loss on a home or project that has FHA insurance.

If you are concerned with having to save a lot of money for down payment or have a bruised financial record, an FHA might be a great fit to help you own a home. Give us a call today or complete our loan application to speak with an expert about your options.

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