Common Frequently Asked Questions Regarding Mortgages

Frequently Asked Questions About FHA Loans: FHA FAQ's

Drew Mortgage Associates

What Is The FHA? The FHA is the Federal Housing Administration – A United States government agency that offers mortgage insurance to FHA-approved lenders

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Who Can Benefit from FHA Loans?

Borrowers with low income or credit scores can benefit from an FHA loan. The FHA will cover the loan payments if the borrower defaults on a payment.

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How Can a FHA Loan Help With Buying a Home?

The FHA provides mortgage insurance to borrowers, so that they can easily obtain a loan from a lender, while putting less money down than a traditional mortgage.

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What Is Mortgage Insurance?

Mortgage insurance is an insurance policy that protects mortgage lenders and helps compensate lenders or investors for losses when borrowers are unable to pay back their loans to the lenders.

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Will I be able to refinance my existing FHA loan?

Yes, existing customers can refinance their current mortgage loan.

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Do you have more questions on your mind regarding FHA loans.

Get more details athttps://www.drewmortgage.com/top-5-frequently-asked-questio ns-fha-loans-fha-faqs/

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DREW MORTGAGE BRANCH OFFICES: Drew Mortgage Associates 196 Boston Turnpike Road Shrewsbury, MA 01545 Phone: 508-753-1656 Website: https://www.drewmortgage.com/

Peabody Mortgage Lenders

Boston Mortgage Lenders

1 Mt Pleasant Drive Peabody, MA 01960 Phone: (978) 750-1080

232 Commercial St Boston, MA 02109 Phone: (617) 523-3060

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If you’re looking for a mortgage lender in MA for an FHA home loan, Drew Mortgage Associates can help you!

THANK Contact us: 1-877-949-3739

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