Buying a home with an FHA loan in Virginia is one of the most accessible paths to homeownership available today. But the application process? That part can feel like navigating a maze blindfolded, especially if it’s your first time.
Between gathering documents, decoding credit requirements, choosing the right lender, and understanding mortgage insurance premiums, there are a lot of moving parts. Miss one, and you could face delays, denials, or costly surprises at the closing table.
This guide walks you through every stage of the FHA loan application process in clear, actionable steps. Whether you’re buying your first home in Richmond, relocating to Chesapeake, settling into Fredericksburg, or planting roots in Virginia Beach, these steps apply to FHA borrowers across Virginia, as well as Florida, Tennessee, and Georgia.
By the end, you’ll have a complete document checklist, a realistic timeline, breakeven math on rate decisions, and an honest comparison of how different Virginia lenders handle FHA applications. That includes how Shop Mortgage Rates stacks up against competitors like Rocket Mortgage, Fairway Independent Mortgage, Atlantic Bay Mortgage, and others, so you can make an informed choice about who processes your loan.
This is an educational guide, not a sales pitch. Rates, terms, and eligibility requirements change frequently. Always verify current FHA guidelines with your lender or visit HUD.gov for official program details.
Author: Duane Buziak, Mortgage Maestro, NMLS #1110647
Step 1: Confirm Your FHA Eligibility Before You Apply
Before you fill out a single form, take 20 minutes to honestly assess whether you meet FHA’s baseline requirements. This step saves you time, protects your credit, and prevents the frustration of a denial that could have been avoided.
FHA loans are insured by the Federal Housing Administration, a division of HUD. Because the government backs these loans, lenders can extend financing to borrowers who might not qualify for conventional mortgages. But “more flexible” does not mean “no requirements.” Here’s what you need to meet. If you’re weighing your options, our guide on FHA vs conventional loans breaks down the key differences between these two popular programs.
FHA Eligibility Requirements at a Glance
Credit Score + Down Payment: The table below summarizes the two primary credit tiers for FHA eligibility.
Credit Score 580 or above: Minimum 3.5% down payment required. Standard FHA terms apply.
Credit Score 500 to 579: Minimum 10% down payment required. Fewer lenders participate at this tier.
Credit Score below 500: Not eligible for FHA financing under current HUD guidelines.
Source: HUD.gov, FHA Single Family Housing Policy Handbook
Debt-to-Income Ratio (DTI) Guidelines
Front-end DTI (housing costs only): Generally 31% of gross monthly income or less.
Back-end DTI (all debts combined): Generally 43% of gross monthly income or less.
With compensating factors: DTI up to 50% may be approved if you have strong compensating factors, such as significant cash reserves, a larger down payment, or a history of paying similar housing costs without delinquency.
Property Requirements
FHA loans must be used for your primary residence. Investment properties and vacation homes do not qualify. The property must also meet HUD’s Minimum Property Standards, which address health, safety, and structural soundness.
In Virginia, this matters especially for older housing stock. Homes in historic neighborhoods of Richmond, Williamsburg, and Fredericksburg may require repairs before an FHA appraisal will clear. Newer construction in Chesterfield, Hanover, and Henrico typically clears FHA appraisal with fewer issues.
Employment and Income
FHA lenders generally want to see two years of steady employment history. Career changes within the same field are usually acceptable. Gaps in employment require explanation and documentation.
Common Disqualifiers to Check Now
Recent Bankruptcy (Chapter 7): Two-year waiting period from discharge date before FHA eligibility is restored, with re-established credit required.
Recent Bankruptcy (Chapter 13): May be eligible after 12 months of on-time plan payments with court and trustee approval.
Foreclosure: Three-year waiting period from the date of foreclosure completion.
FHA Loan Default: Outstanding FHA debt or prior FHA claim may disqualify you until resolved.
Success Indicator: If you can honestly answer “yes” to meeting the credit score threshold, DTI guidelines, primary residence requirement, and employment history standard, you’re ready for Step 2. If any area is borderline, note it now so you can address it proactively. You can also use our guide on how to check mortgage eligibility without impacting your credit.
Step 2: Check Your Credit Without a Hard Inquiry
Here’s something many first-time buyers don’t realize: checking your credit the wrong way can actually hurt your chances of approval. When a lender pulls your credit file as part of a formal application, it generates a hard inquiry that can temporarily lower your score. If you’re shopping multiple lenders and each one pulls your credit separately, those inquiries add up.
The smarter move is to check your credit before you apply, using a method that doesn’t impact your score.
How FHA Uses Your Credit Score
FHA lenders pull your credit from all three bureaus: Equifax, Experian, and TransUnion. They then use the middle score of the three for qualification purposes, not the highest. If you’re applying with a co-borrower, lenders typically use the lower of the two middle scores. Knowing this in advance helps you understand exactly where you stand before any lender sees your file.
NoTouch Credit at Shop Mortgage Rates
Shop Mortgage Rates uses a Vantage Score 4.0 assessment during pre-qualification, which does not generate a hard inquiry on your credit report. This is called a soft pull or, in their terminology, NoTouch Credit. For a deeper look at how this works, read our guide on soft credit pull mortgages and why they matter for rate shopping.
This matters because many borrowers in Virginia are actively shopping, comparing lenders, and deciding whether now is the right time to buy. A soft-pull pre-qualification lets you get real answers without the risk of multiple hard inquiries dragging down your score before you’ve even chosen a lender.
How Credit Checks Compare Across Virginia FHA Lenders
Shop Mortgage Rates: Soft pull (Vantage Score 4.0) during pre-qualification. No credit impact at initial stage.
Rocket Mortgage: Offers a soft credit check option during initial inquiry, but a hard pull is required for formal pre-approval.
Movement Mortgage: Typically requires a hard pull for pre-approval. Confirm current process directly with them.
Atlantic Bay Mortgage: Hard pull generally required for pre-approval. Verify with their loan officers.
Fairway Independent Mortgage: Hard pull required for formal pre-approval. Process may vary by loan officer.
CapCenter: Hard pull required for pre-approval. Known for fee-transparency focus in Virginia.
Note: Lender processes change. Always confirm the credit pull type directly with any lender before authorizing a credit check.
What to Look for on Your Credit Report
Before applying, pull your free reports from AnnualCreditReport.com and review them carefully. Look for errors in account balances or payment history, collections accounts that may need to be addressed, and late payments within the past 12 to 24 months that could flag underwriter concern.
Quick Wins If Your Score Needs Work
Dispute errors immediately: Contact the reporting bureau directly. Errors can take 30 to 45 days to resolve, so start early.
Pay down revolving balances: Reducing credit card utilization below 30% of your limit can meaningfully improve your score within one to two billing cycles.
Avoid opening new accounts: New credit inquiries and new accounts lower your average account age, which can temporarily reduce your score.
Step 3: Gather Your Documents and Financial Records
FHA lenders need to verify your income, assets, identity, and housing history before they can approve your loan. The borrowers who move through underwriting fastest are the ones who show up with organized, complete documentation from the start.
Think of this step as building your financial dossier. The more complete it is upfront, the fewer back-and-forth requests you’ll face later. For a broader view of what to expect at each stage, our mortgage approval process guide covers the full journey from pre-qualification to closing.
FHA Document Checklist
Income Documents (W-2 Employees):
W-2 forms: Most recent two years from all employers.
Pay stubs: Most recent 30 days showing year-to-date earnings.
Federal tax returns: Most recent two years, all schedules, signed.
Asset Documents:
Bank statements: Most recent two to three months, all pages, all accounts.
Retirement and investment accounts: Most recent statements showing balance and account ownership.
Gift letter (if applicable): If any portion of your down payment is a gift, a signed gift letter from the donor is required.
Identity Documents:
Government-issued photo ID: Driver’s license or passport.
Social Security number: Required for credit and identity verification.
Housing History:
Rental history: 12 to 24 months of canceled rent checks or landlord contact information for verification.
Mortgage statements: If you currently own property, provide 12 months of statements.
Additional Requirements for Self-Employed Borrowers
If you own a business or work as an independent contractor, expect to provide two years of personal federal tax returns (all schedules), two years of business tax returns, a year-to-date profit and loss statement prepared by a CPA or accountant, and 1099 forms for all contract income. Lenders use a two-year average of your net income for qualification, not gross revenue, which is why clean bookkeeping matters.
Virginia-Specific Consideration: Property Tax Records
If you’re purchasing in Virginia, note that property tax assessment schedules vary by county. Henrico County, Chesterfield County, and Spotsylvania County each have different assessment cycles and rates. Your lender will need to verify the accurate tax amount for escrow calculation. Discrepancies between the listing and actual tax records can cause underwriting delays, so confirm the correct annual tax figure early.
Critical Pitfall: Don’t Change Your Financial Profile Mid-Process
Once you’ve gathered your documents and started the application process, avoid making large deposits that aren’t clearly sourced, changing jobs or employment type, opening new credit accounts, or making large purchases on existing credit cards. Underwriters will flag every unusual transaction and ask for written explanations. Keeping your financial picture stable from application to closing is one of the most important things you can do to protect your approval.
Most lenders, including Shop Mortgage Rates, accept secure digital uploads, which speeds up document review and reduces the chance of paperwork getting lost or delayed.
Step 4: Choose Your FHA Lender and Get Pre-Qualified
Not all FHA lenders are created equal. Two borrowers with identical credit profiles can end up with meaningfully different rates, fees, and closing timelines depending solely on which lender they choose. This step is where informed borrowers save real money. Our guide on choosing a mortgage lender covers the six key factors to evaluate before committing.
Virginia FHA Lender Comparison
Shop Mortgage Rates: Shops hundreds of lenders simultaneously. Soft pull (NoTouch Credit) pre-qualification. 24/7 availability. Fastest close times. Local expertise across Virginia, FL, TN, GA. Broker model with broad lender access.
Rocket Mortgage: Large national lender. Online-first platform. Hard pull required for pre-approval. Single lender product set. Business hours support varies. Strong technology interface.
C&F Mortgage Corporation: Virginia-based retail lender. Regional presence in Richmond and surrounding markets. Hard pull for pre-approval. Single lender product set. Local market knowledge.
Guild Mortgage: National lender with Virginia presence. Hard pull for pre-approval. Multiple loan products. Branch-based service model.
Alcova Mortgage: Virginia-based lender. Strong regional presence. Hard pull for pre-approval. Single lender product set. Local service focus.
CrossCountry Mortgage: National lender. Hard pull for pre-approval. Broad product menu. Service experience varies by loan officer.
The key structural difference with Shop Mortgage Rates is the broker model: rather than originating loans from one institution’s product shelf, the platform shops across hundreds of wholesale lenders simultaneously to find competitive rates and terms for your specific profile. That’s a fundamentally different approach from any single retail lender.
Pre-Qualification vs. Pre-Approval: Know the Difference
Pre-qualification is a preliminary assessment based on information you provide, typically without a hard credit pull. It gives you an estimated loan amount, a rate range, and a monthly payment estimate. It’s the right starting point for most borrowers.
Pre-approval is a more thorough review that includes income verification, credit pull, and asset documentation. It carries more weight with sellers and is generally required before making an offer in competitive Virginia markets like Short Pump, Glen Allen, and Midlothian. Learn more about how to get preapproved now with our fast-track guide.
FHA Monthly Payment Comparison: $300,000 Purchase, 3.5% Down
The following table illustrates how your monthly principal and interest payment changes at different interest rate levels. These are illustrative examples only. Actual rates vary daily and depend on your credit profile, lender, and market conditions. Contact a lender for a personalized quote.
Base loan amount: $289,500 (after $10,500 down payment)
At 6.00% interest rate: Estimated P&I payment approximately $1,736/month
At 6.50% interest rate: Estimated P&I payment approximately $1,831/month
At 7.00% interest rate: Estimated P&I payment approximately $1,927/month
At 7.50% interest rate: Estimated P&I payment approximately $2,026/month
Note: These figures reflect principal and interest only. Your total monthly payment will also include FHA annual MIP, homeowner’s insurance, and property taxes held in escrow. Figures are illustrative and not a loan commitment. Rates change daily.
Step 5: Submit Your Formal Application and Lock Your Rate
Once you’re pre-qualified and have an accepted offer on a Virginia property, it’s time to submit your formal application. This is where the process becomes official and the clock starts ticking.
The Uniform Residential Loan Application (Form 1003)
Your formal FHA application is submitted on the Uniform Residential Loan Application, commonly called Form 1003. It covers six main areas: borrower information (name, SSN, contact details), employment and income history for the past two years, assets and liabilities (bank accounts, investments, existing debts), real estate owned, loan information (purchase price, loan amount, loan type), and declarations (bankruptcy history, citizenship status, primary residence intent).
Your loan officer will walk you through this form. Be thorough and accurate. Any discrepancy between your application and your documentation will generate an underwriting condition that slows your closing.
When and Why to Lock Your Rate
Rate locks protect you from market movement between your application date and your closing date. Common lock periods are 30, 45, and 60 days. Longer locks typically cost more, either through a slightly higher rate or a lock fee. For a detailed breakdown of how rate locks work, read our guide on mortgage rate locks and when to use them.
Lock when you have an accepted contract and are confident in your closing timeline. In Virginia’s market, most standard purchases close within 30 to 45 days of contract acceptance, making a 45-day lock a common choice.
Breakeven Math: Should You Pay Points to Buy Down Your Rate?
This is one of the most common questions FHA borrowers face. Here’s how to calculate the answer for yourself.
Scenario: $300,000 FHA purchase, 3.5% down payment, base loan amount $289,500.
Option A: Take the offered rate as-is.
Option B: Pay 1 discount point to reduce the rate by 0.25%.
Cost of 1 point: 1% of the loan amount = $289,500 × 0.01 = $2,895
Monthly payment at the higher rate (illustrative example, 7.00%): approximately $1,927/month
Monthly payment at the lower rate (illustrative example, 6.75%): approximately $1,878/month
Monthly savings from buying down the rate: $1,927 – $1,878 = $49/month
Breakeven calculation: $2,895 cost ÷ $49 monthly savings = approximately 59 months (just under 5 years)
Interpretation: If you plan to stay in the home longer than 59 months (about 5 years), buying the point makes financial sense. If you expect to sell or refinance sooner, keeping the cash and taking the higher rate is the smarter move.
These figures are illustrative examples using hypothetical rates. Your actual rate, payment, and breakeven period will differ. Always run this math with your specific loan numbers before deciding.
FHA Mortgage Insurance Premium (MIP): Exact Dollar Amounts
Sample loan: $300,000 purchase price, 3.5% down payment, base loan amount $289,500.
Upfront MIP: $289,500 × 1.75% = $5,066.25
This amount is typically financed into your loan, bringing your total loan amount to approximately $294,566. This is not paid out of pocket at closing in most cases.
Annual MIP: Annual MIP rates vary based on loan term and loan-to-value ratio. For current annual MIP rates, consult the HUD Mortgagee Letters or ask your lender for the current rate that applies to your specific loan structure. Annual MIP is divided by 12 and added to your monthly payment.
After You Submit: What Happens Next
After submission, your file moves to loan processing, where a processor verifies and organizes your documentation. It then goes to an underwriter for formal credit decision. The underwriter may issue conditions, which are additional items or clarifications needed before approval. Responding to conditions quickly keeps your timeline on track.
Critical Pitfall: From the moment you submit your application to the day you close, do not open new credit accounts, make large purchases, change jobs, or move significant sums of money without consulting your loan officer first. Any of these actions can trigger re-underwriting or, in serious cases, a denial.
Step 6: Navigate the FHA Appraisal and Underwriting Process
The FHA appraisal is one of the most misunderstood parts of the process. Many buyers assume it’s the same as a conventional appraisal. It isn’t, and knowing the difference can save you from a costly surprise mid-transaction.
FHA Appraisal vs. Conventional Appraisal
Both types of appraisals establish the market value of the property. But FHA appraisals go a step further: the appraiser must also assess whether the property meets HUD’s Minimum Property Standards for health, safety, and structural soundness.
A conventional appraisal primarily answers “What is this home worth?” An FHA appraisal answers both “What is it worth?” and “Is it safe and sound enough to serve as collateral for a government-backed loan?”
Common FHA Appraisal Issues in Virginia
Virginia’s housing stock is diverse, and FHA appraisers treat different property types differently.
Older homes in Richmond, Williamsburg, and Fredericksburg: These properties may have peeling paint (a significant concern due to lead paint standards in pre-1978 homes), aging roofs, exposed electrical wiring, or deferred maintenance that triggers required repairs before the loan can close. If you’re buying in the Fredericksburg area, our Fredericksburg VA mortgage guide covers local market nuances in detail.
Newer construction in Chesterfield, Hanover, and Henrico: Homes built in recent decades typically meet HUD standards more easily, though new construction has its own set of documentation requirements including builder warranties and certificates of occupancy.
If the appraisal identifies required repairs, you have options: negotiate with the seller to complete repairs before closing, request a price reduction to cover repair costs, or in some cases use an FHA 203(k) rehabilitation loan structure. Discuss these options with your loan officer if repair conditions arise.
What the Underwriter Is Looking For
The underwriter’s job is to verify that everything in your application is accurate, consistent, and within FHA guidelines. They’re checking that your income documentation supports the loan amount, your assets are sufficient for the down payment and reserves, the property appraises at or above the purchase price, and there are no undisclosed liabilities or red flags in your financial history.
Common Conditions and How to Clear Them
Letter of explanation (LOE): Required for credit inquiries, employment gaps, or unusual deposits. Write clearly and concisely. Attach supporting documentation.
Additional bank statements: If a deposit is flagged, provide paper trail documentation showing its source.
Verification of employment update: Near closing, the lender will re-verify your employment. Do not change jobs between application and closing.
Timeline and Service Comparison
FHA loans can take slightly longer than conventional loans due to the additional appraisal requirements and government-backed documentation standards. The combined appraisal and underwriting phase varies significantly by lender efficiency and market volume.
Shop Mortgage Rates emphasizes proactive communication and fast processing as core service commitments. With larger national lenders, borrowers sometimes find their file moving between multiple departments with less direct communication. Working with a lender who assigns you a consistent point of contact throughout the process can meaningfully reduce stress and prevent delays from miscommunication.
Step 7: Close on Your Virginia Home with Confidence
You’ve made it to the finish line. Closing day is the culmination of weeks of preparation, and knowing what to expect makes the experience far less stressful.
What to Expect at Closing
At least three business days before your closing date, your lender is required to provide your Closing Disclosure (CD). Review it carefully and compare it to your Loan Estimate. The CD shows your final loan terms, interest rate, monthly payment, and itemized closing costs. If anything looks different from what you were quoted, ask your loan officer to explain the discrepancy before closing day.
On closing day, you’ll complete a final walkthrough of the property to confirm its condition matches what you agreed to purchase. At the closing table, you’ll sign the loan documents, the deed of trust, and various disclosures. Funding typically occurs the same day or the next business day after signing.
FHA Closing Cost Breakdown: Typical Virginia Ranges
Origination/Lender fees: Typically 0.5% to 1.5% of the loan amount. Varies by lender.
Appraisal fee: Generally $500 to $700 for standard single-family homes in Virginia.
Title insurance (lender’s policy): Typically $700 to $1,500 depending on purchase price and county.
Title insurance (owner’s policy): Optional but strongly recommended. Similar range.
Recording fees: Vary by Virginia locality. Generally $50 to $150.
Transfer taxes: Virginia charges grantor’s tax (paid by seller) and, in some localities, additional transfer taxes. Confirm with your title company.
Prepaid items: Includes homeowner’s insurance premium (typically one year upfront), property tax escrow (two to six months depending on closing date), and prepaid interest from closing date to end of the month.
Upfront MIP: $5,066.25 on a $289,500 loan (typically financed into the loan, as shown in Step 5).
Total closing costs vary by transaction, county, and lender. Ranges shown are illustrative. Request a Loan Estimate from your lender for accurate figures specific to your purchase.
For a comprehensive breakdown of what to expect, our guide on mortgage closing costs in Virginia covers every fee category and strategies to reduce your out-of-pocket expenses.
Seller Concessions: A Powerful Negotiating Tool
On FHA loans, sellers are permitted to contribute up to 6% of the purchase price toward the buyer’s closing costs. On a $300,000 home, that’s up to $18,000 in potential seller-paid costs. In markets where sellers have flexibility, negotiating seller concessions can dramatically reduce the cash you need to bring to closing. Work with your real estate agent to structure this into your offer.
Final Closing Checklist
1. Bring a government-issued photo ID (driver’s license or passport).
2. Bring a cashier’s check or confirm wire transfer for your closing costs and any remaining down payment. Personal checks are typically not accepted.
3. Review your Closing Disclosure at least three business days before closing and flag any questions for your loan officer.
4. Confirm your homeowner’s insurance policy is bound and the lender is listed as the mortgagee.
Post-Closing: Your First Steps as a Homeowner
Your first mortgage payment is typically due on the first of the month that is 30 to 60 days after your closing date, depending on when in the month you close. Set up autopay immediately to protect your credit and avoid any risk of a missed payment.
Your escrow account will collect monthly amounts for property taxes and homeowner’s insurance. Your lender will send an annual escrow analysis statement showing how these funds are being managed and whether your escrow payment needs to adjust.
Your FHA Application Checklist: From Eligibility to Keys in Hand
Here’s your condensed roadmap. Use this as a reference throughout the process.
1. Confirm eligibility: Verify credit score, DTI, employment history, and check for any disqualifying events (bankruptcy, foreclosure).
2. Check your credit without a hard inquiry: Use a soft-pull pre-qualification. Review all three bureau reports for errors. Take corrective action if needed.
3. Gather documents: Collect W-2s, pay stubs, tax returns, bank statements, ID, and housing history. Self-employed borrowers add business returns and P&L.
4. Choose your lender and get pre-qualified: Compare lenders on rate access, credit pull method, availability, and close time. Get pre-qualified before making offers.
5. Submit your application and lock your rate: Complete Form 1003 accurately. Run the breakeven math before deciding on discount points. Understand your MIP costs.
6. Navigate appraisal and underwriting: Respond to conditions promptly. Don’t change your financial profile. Know that FHA appraisals have property condition requirements.
7. Close with confidence: Review your Closing Disclosure three days before closing. Bring required funds and ID. Confirm insurance is in place.
Frequently Asked Questions
Q: How long does an FHA loan application take in Virginia?
A: From application to closing, FHA loans in Virginia typically take 30 to 45 days for a standard purchase transaction. Timelines vary based on lender efficiency, appraisal scheduling, and how quickly conditions are cleared. Borrowers who arrive with complete documentation and respond promptly to lender requests consistently close faster.
Q: Can I apply for an FHA loan with a 580 credit score?
A: Yes. A credit score of 580 meets HUD’s minimum threshold for the 3.5% down payment option. However, individual lenders may apply overlays, meaning they set their own minimum score requirements above HUD’s floor. Some lenders require 620 or higher even for FHA. Ask your lender specifically what their minimum score requirement is for FHA approval.
Q: What is the minimum down payment for an FHA loan?
A: The minimum down payment is 3.5% of the purchase price for borrowers with a credit score of 580 or above. On a $300,000 home, that’s $10,500. Borrowers with scores between 500 and 579 are required to put 10% down, which would be $30,000 on the same purchase. Down payment funds can come from savings, a gift from a family member (with a gift letter), or certain approved down payment assistance programs.
Q: Does pre-qualification affect my credit score?
A: It depends on the lender and the type of credit pull they use. At Shop Mortgage Rates, the initial pre-qualification uses a soft pull (Vantage Score 4.0) that does not impact your credit score. Many other lenders require a hard pull for pre-approval, which can temporarily lower your score by a few points. Always ask which type of credit pull a lender uses before authorizing it.
Q: How does Shop Mortgage Rates compare to Rocket Mortgage for FHA loans?
A: The primary structural difference is lender access and credit pull approach. Shop Mortgage Rates operates as a broker, shopping hundreds of wholesale lenders simultaneously to find competitive terms for your profile. Rocket Mortgage is a single retail lender offering its own product set. Shop Mortgage Rates also offers soft-pull pre-qualification with no credit impact, 24/7 availability, and a personalized service model. Rocket Mortgage offers a strong technology platform and brand recognition. Neither is universally “better” for every borrower, but the ability to shop multiple lenders simultaneously can result in meaningfully different rate and fee outcomes.
Q: Can I use an FHA loan in Fredericksburg or Virginia Beach?
A: Yes. FHA loans are available across Virginia, including Fredericksburg, Spotsylvania, Stafford, Virginia Beach, Chesapeake, Newport News, and all other markets served by Shop Mortgage Rates. FHA loan limits vary by county, so the maximum loan amount you can borrow may differ between localities. Check current Virginia county-specific FHA loan limits at HUD’s FHA Mortgage Limits page.
Ready to take the first step without any risk to your credit score? Securely pre-qualify in minutes with Shop Mortgage Rates. The NoTouch Credit process uses a soft pull, so you get real answers with zero impact to your score. Hundreds of lenders, one application, and a mortgage professional ready to guide you through every step.
This content is for educational purposes only and does not constitute a loan commitment or financial advice. Rates, terms, and program availability are subject to change without notice. FHA loan programs are subject to HUD guidelines. Shop Mortgage Rates is an equal housing lender. NMLS #1110647. Licensed in VA, FL, TN, and GA. All payment examples are illustrative and not a guarantee of terms. Consult a licensed mortgage professional for guidance specific to your financial situation.
Author: Duane Buziak, Mortgage Maestro, NMLS #1110647