Unlock homeownership with a low down payment and flexible qualifications! FHA loans offer affordable financing options, making it easier for first-time buyers and those with less-than-perfect credit to step into their dream home.
Check your eligibility in just a couple of minutes with no impact to your credit score
These are some of the frequently asked questions we hear from folks who are shopping for their loans like you.
The first step is to conduct a self-assessment to see if FHA mortgage insurance suits your needs. Try our free, automated online Pre-Screening Tool to check your project's eligibility. This tool evaluates fundamental statutory, regulatory, and financial requirements.
Overall, qualifying for an FHA loan is typically easier than for a conventional loan, which isn’t backed by the federal government. Key differences include credit score requirements, as FHA loans generally accept lower scores than conventional loans.
A key requirement for FHA loan approval is that the borrower makes a minimum down payment of 3.5%. This amount must be verified by the lender to confirm it comes from an approved source. At Innovative Mortgage, we can get you financed 100% on FHA.
Pre-approval typically takes around 7-10 days, though sometimes it can be quicker. To help expedite the process, gather essential financial documents such as W2s, income proof, and tax returns, which the lender will need.
Get up to $800 credit towards your appraisal when you close with us.
We are available 7 days a week to answer all your questions and give you the service you deserve
(407) 764-0064
We strive to deliver the highest levels of service to help you reach your goals. We thank you for your trust and support. From the first call to closing, our team is with you every step of the way!
Innovative Mortgage Services, Inc.
NMLS# 250769
MLO NMLS#1810783.
