FHA Loans

An FHA Loan is one that is insured by the Federal Housing Administration


FHA Loans

Enjoy less rigorous lending standards, lower down payments, and a better lending experience when you have a devoted CountryFirst Mortgage loan officer to help you navigate this mortgage product.

If you are unfamiliar with this particular type of loan, an FHA loan is one that is insured by the Federal Housing Administration (part of the Department of Housing and Urban Development).  When borrowers secure a loan, the FHA pays for mortgage insurance, which protects the lender if the loan defaults.  FHA borrowers can use their own savings for the down payment or they can use alternative down payment sources, including monetary gifts and grants from state and local government down payment assistance programs or from the state.  Because of the regulations governing FHA loans, our loan officers can be more flexible in the qualification process and can offer a great interest rate on approval.

A mortgage with a down payment as low as 3.5% requires the borrower to have a credit score of 580 or higher.

A mortgage with a down payment of 10% requires a credit score between 500 and 579.

Those with credit scores under 500 are typically ineligible for FHA loans.

Don’t give up on applying for an FHA loan due to having lower-than-average credit; the Federal Housing Administration can make exceptions under certain circumstances.  A nontraditional credit history or insufficient credit doesn’t have to hold you back from getting the money you need to buy the home you want.


Advantages of an FHA

Because the FHA is an insurer and not a lender, borrowers need to get their loan through an FHA-approved lender, such as CountryFirst Mortgage.  Schedule your free FHA loan consultation by calling us at (602) 774-0990 today.


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With thousands of satisfied customers, CountryFirst Mortgage is your local industry expert. We have an exclusive Mortgage Banker and Loan Officer Network that get you the best loan-FAST! Contact us today for more information.

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4568 E Cactus Rd Ste 70 Phoenix, AZ 85032


CountryFirst Mortgage (“CFM”) is a dba of BM Real Estate Services, Inc., an Equal Housing Lender. Corporate Location: 5016 N. Parkway Calabasas, Suite 200, Calabasas CA 91302. NMLS ID #103098. Please visit NMLS Consumer Access ( www.nmlsconsumeraccess.org) for detailed licensing information. Licensed by the CA Department of Business Oversight under the California Finance Lender Law #60DBO78997 and CA Department of Real Estate DRE#01273595, Georgia Residential Mortgage Licensee #59742; NV Broker #4695; AZ BK #0948140; OR #ML-4013. Regulated by the CO Division of Real Estate #CF-99035. Illinois Residential Mortgage Licensee. Kansas Licensed Mortgage Company. Texas Principal Location: 21818 Hwy 71 West Suite 102, Spicewood, TX 78669.  Click Here for TX Complaint Recovery Fund Notice

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