Andres Garcia
Loan Officer
NMLS: 2246130
813-847-4199

FHA Loans

Better Than Big Names, Shopped from Hundreds!

At Lightning Loans, our FHA Loans get you the best rates from hundreds of lenders, bypassing the high costs of Quicken, Better Mortgage and others.
500

Minimum Credit Score

57%

Maximum Debt To Income

96.50%

Maximum Loan To Value

$822k

Maximum Loan Amount

Pros of FHA Loans

1

Low Down Payment

With FHA loans, you only need a 3.5% down payment to secure your mortgage.
2

Lenient Credit Requirements

Even with a credit score as low as 580, you can still qualify for an FHA loan.
3

Rate Advantage

We offer FHA loans at lower interest rates and fees compared to big mortgage houses like Quicken Loans or Rocket Mortgage.

Cons of FHA Loans

1

Mortgage Insurance

FHA loans require both an upfront and annual mortgage insurance premium.
2

Loan Limits

The maximum amount you can borrow with an FHA loan is determined by the county in which you live.

Key Issues That Will Get Early Attention

1
Verify Eligibility
Our experts will help you determine your eligibility for an FHA loan, considering your credit score, down payment, and other factors.
2
Review Loan Amounts
We'll review the FHA loan limits in your area to ensure this option fits your home buying or refinancing needs.
3
Discuss Mortgage Insurance
While FHA loans require mortgage insurance, we'll discuss how this affects your monthly payments and long-term costs.
4
Explore Other Loan Options
If an FHA loan doesn't seem like the right fit, we have many other mortgage options to explore.
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