FHA loans are designed to meet the needs of people whose financial circumstances put them at a disadvantage in qualifying for standard conventional loans. They are offered by private lenders such as Foundry Mortgage and insured by the Federal government.

The staff at Foundry Mortgage have spent years helping people make the dream of home ownership a reality with FHA loans. We live and work in the same communities where we do business so we truly understand the needs of our customers.

We will help you determine whether you qualify for an FHA loan by evaluating your income and credit history as well as the available sources for the 3.5% down payment required.

Benefits of Georgia FHA Home Loans

FHA loans comprise a large percentage of loans used by borrowers who are buying their first home, and those wishing to invest a small down payment. In most cases, borrowers may be approved for an FHA loan with credit scores as lows as 620. In some cases, lower.

FHA loans offer more flexible guidelines for qualifying the income of a borrower. They also allow a higher monthly payment compared to conventional loans. When negotiating a purchase agreement, the seller can contribute up to 6% of the purchase price for closing costs making it possible to purchase with a minimum 3.5% (of the purchase price) investment.