About FHA Home Loans
An FHA loan is a mortgage insured by the Federal Housing Administration, designed to reduce risk for lenders and expand homeownership opportunities for borrowers. By providing insurance to FHA-approved lenders, the federal government helps make financing more accessible—especially for those with lower credit scores or smaller down payments.
The FHA program was established during the 1930s in response to widespread foreclosures and defaults, aiming to stabilize the housing market by encouraging lenders to offer affordable mortgage options backed by government insurance.
At CNA Equity Group, we simplify the FHA loan process with expert guidance and practical tools, starting with our FHA Loan Qualifier. Whether you’re a first-time buyer or a repeat purchaser, we’ll help you understand your options and select the loan program best suited to your needs.
Why an FHA Loan?
FHA loans are designed to make homeownership more accessible, especially for borrowers who may find traditional financing challenging. With a low down payment requirement of just 3.5%, FHA loans are an attractive option for those who can’t afford the typical 20% down payment.
Additionally, borrowers who struggle to qualify for private mortgage insurance (PMI) through conventional loans may find FHA financing more accommodating. This makes FHA loans a practical choice for first-time buyers, individuals with less-than-perfect credit, or those seeking more flexible underwriting guidelines.