LSB Mortgage Launchpad - FHA Loans, fha loan, fha loan pros and cons, fha government loans, fha home loan, federal housing loan, what is an fha loan

What is an FHA Loan?

FHA Loans

FHA loan programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans.

FHA loan programs are particularly beneficial to those buyers with less available cash. The rates on an FHA loan are generally market rates, while down payment requirements are lower than for conventional loans.

Some of the other benefits of FHA loan financing:

  • Low down-payment.
  • Closing costs can be financed.
  • Lower monthly mortgage insurance premiums and, under certain conditions, automatic cancellation of the premium.
  • More flexible underwriting criteria than conventional loans.
  • Loans are assumable to qualified buyers.

If you are interested in learning more about an FHA loan or what type of home loan might be right for you, let one of our experts help! Fill out this form and one of our experienced mortgage lenders will reach out to you soon. Keep in mind, there is no commitment required to chat with one of our experts. We're simply here as a resource for you.

Please DO NOT send any of your vital account information or sensitive personal information on this form. This includes account number, login ID, passwords, social security number of birthdate. This form is NOT a secure form of communication.

Lincoln Savings Bank, Member FDIC. Equal housing lender. Additional disclosures.

Blog and News
We use cookies to improve your online experience. If you continue on our site, you agree to our cookie policy. Learn more about how we use cookies by reviewing our privacy policy. I agree