FHA Home Loans. An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders protection through mortgage insurance (MIP) in case the borrower defaults on his or her loan obligations.
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An FHA loan is a mortgage that is insured by the Federal Housing Administration and is issued by a lender that is an approved FHA-lender. An FHA loan in Corpus Christi is a great option for those who are first time home buyers and those who are low to moderate income borrowers.
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FHA 203k and other rehab home loans give buyers the advantage of shopping for a property in Corpus Christi based on location and affordability since many of their desired property upgrades and amenities can be added to the home within a short period after closing.
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FHA loan programs in Corpus Christi are designed to help low and moderate income families who do not meet the income requirements for fixed mortgages and conventional home loans with stricter underwriting guidelines.
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Mortgage requirements are constantly changing, but Corpus Christi, TX residents can count on DirectFHA to provide up-to-date support. In addition, we are one of Corpus Christi, TX’s most active and experienced FHA 203K lenders.
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