How Much Can You Afford to Spend on a Home?

More than you think. Learn more about FHA lending from Bill Darling in Missoula, MT.

The Federal Housing Administration (FHA) is a division of the Housing and Urban Development (HUD) agency. The FHA's mission is to make homeownership possible for everyone-even individuals with modest financial means or low credit scores. Through the FHA, you could qualify for a low down payment mortgage or an FHA loan.

Talk to a lender at Primary Residential Mortgage, Inc. in Missoula, MT today. FHA lending is often suggested for first-time homebuyers, but an FHA loan is a great option for anyone looking to buy a new home on a tight budget. When you meet with us, we'll discuss your situation and help you decide if a low down payment mortgage is right for you.

Discover the big benefits of FHA lending

Discover the big benefits of FHA lending

Here are some major benefits of FHA lending you should know:

  • You only need a 3.5% down payment to qualify
  • You can get an FHA loan even if you have credit problems
  • You can easily refinance an FHA loan down the road if necessary

FHA loans require a borrower-paid guarantee. This guarantee, which funds the program, is in the form of a monthly insurance premium (MIP) and an upfront fee that’s financed into the mortgage principal.

If you’re ready to buy a home, call Primary Residential Mortgage in Missoula, Montana today to learn more about FHA lending.