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The Federal Housing Administration was created in 1934 in an effort to bolster homes sales during the Depression.

By financially guaranteeing loans, the FHA lifts much of the risk of non-payment and foreclosure from private lenders. It is important to remember that the FHA is not a lender; they just guarantee your loan.


  • Bankruptcy not an automatic disqualification
  • Lower interest rates
  • Down payment is less
  • Lower mortgage points and other closing cost requirements
  • Resale can be made more quickly
  • Is backed by the U.S. government


  • Down payment required
  • Higher upfront Mortgage Insurance Premium (MIP) than on
  • conventional loans but monthly MIP is lower
  • Loan Limits are lower than conventional
  • MIP required regardless of the Loan-to-Value (LTV)


It is a fact: FHA loans have been helping borrowers like you become homeowners who achieve the American dream since 1934. Operating under the umbrella of the Housing and Urban Development (HUD), the Federal Housing Administration (FHA) insures the loan, so your lender can offer you a better deal.


An FHA loan is a mortgage loan insured by the Federal Housing Administration (FHA). Lenders like Mortgages with Sunny work with FHA to help would-be first-time home-buyers buy a home with an affordable loan with a low down payment.

Would-be homeowners looking to enter the purchase game for the first time in their lives are perfect candidates for the FHA loan. You can buy your first home with a low down payment—as little as 3.5% of the purchase price. Most of your closing costs and fees can be included in the loan.


If you have been challenged by economic events that rattled your core and have begun to rebuild your creditworthiness, you may be ready for another shot at home ownership through an FHA loan. This is also possible if they get a conventional loan. You don’t need to be a 1st time home buyer.

  • If you are a first-time home buyer looking at financing your first step toward achieving the American dream, home ownership is possible with an FHA loan.
  • If buying a ‘fixer-upper’ is just your speed, the FHA has a home loan called the 203K Renovation Loan that allows you to buy your ‘diamond in the rough’, fix it up, and include all the costs in one loan.
  • If you own a home in need of remodeling or repair, you can refinance what you owe and build in the repair costs into one neat FHA 203K Renovation loan.
  • If you are interested in purchasing a manufactured or factory-built home, FHA offers two loan products structured to meet the
    land below.

Mortgages with Sunny can explain different types of FHA loans and explain how they work, then help you secure the funding that fit your unique needs. At Mortgages with Sunny Mortgage, you get one mortgage originator, one lender relationship, because we don’t believe you should have to re-explain your situation with every conversation.

*All loans are subject to underwriting or investor approval. Other restrictions may apply. This is not an offer of credit or a commitment to lend. Guidelines subject to change.