Eager to lay down roots in the home you've always envisioned?
At Linour Lending, we specialize in facilitating FHA Purchase Loans, secured by the Federal Housing Administration, streamlining your journey to homeownership. Our team is here to guide you through every step, ensuring you have the support you need to compile all required documents
FHA Purchase Loan
- Features a very low down payment
- You will have access to more flexible credit options
- You will require additional mortgage insurance
- You can choose your term loan between 8 and 30 years
Is an FHA Purchase Loan the right Choice for you?
A Loan Manager will contact you
If this loan doesn't meet your needs, don't worry.
Explore our other available options.
Conventional Purchase Loan
- As low as 1% down for home purchases.
- Eliminate mortgage insurance with a 20% down payment.
- Choose your own mortgage term, from 8 to 30 years.
VA Purchase Loan
- Exclusively for service members, from active duty to veterans.
- Zero down payment — a token of gratitude for your service.
- Skip the mortgage insurance; we’ve got you covered.
- Simplified credit qualifications with terms from 8 to 30 years.
Jumbo Purchase Loan
- Financing beyond conventional limits for your substantial investment.
- Solidify your application with robust reserve funds.
- Navigate strict debt-to-income criteria with our expert guidance.
- Flexible terms, because one size doesn’t fit all.
Frequently Asked Questions About Purchase Loans
If you can’t find the answer you’re seeking, don’t hesitate to contact one of our certified loan officers.
An FHA Loan is a mortgage program by the Federal Housing Administration (FHA) offering low down payment and flexible credit requirements.
Eligibility for an FHA loan includes meeting credit score minimums, having a reasonable debt-to-income ratio, and intending to occupy the home as a primary residence.
Benefits include a lower down payment, competitive interest rates, and more flexible credit requirements compared to conventional loans.
To apply, find an FHA-approved lender, submit a loan application, and provide necessary documentation for assessment.
Documentation needed typically encompasses proof of income, employment verification, and credit history, among other financial details.
Yes, gift funds from family or friends can be used for the down payment on an FHA loan, adhering to specific guidelines.
The closing time for an FHA loan can vary, often taking anywhere from 20 to 45 days, depending on various factors such as appraisal and underwriting processes.