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Buy Your Dream Home With Little Money Down With an FHA Loan!

FHA Loans

About FHA Home Loans

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.

At Forward Mortgage, our New Jersey mortgage brokers are here to make the FHA home loan process easier, with tools and knowledge that will help guide you along the way, starting with our FHA Loan Qualifier.

We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a repeat buyer.

The FHA Loan Process

Here’s how our home loan process works:

  • Complete our simple FHA Loan Qualifier
  • Receive options based on your unique criteria and scenario
  • Compare mortgage interest rates and terms
  • Choose the offer that best fits your needs

Why an FHA Loan?

Home loans provided by the Federal Housing Administration (FHA) may make it easier for you to buy a home. With our New Jersey mortgage brokers, you can explore FHA loans that require only a down payment of 3.5%. This option is ideal for borrowers who cannot afford a traditional down payment of 20% or who struggle to receive approval for private mortgage insurance. Additionally, obtaining a mortgage pre-approval can streamline your home-buying process.

  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
  • 3.5% Down Payments
  • Jumbo & Super Jumbo Loans
  • Terms of 15, 20, and 30 years are available for the fixed-rate products

Get Your FHA Loan Quote Now!