FHA Loan with VRM Lending LLC

Looking for your first house without worrying about a huge down payment? An FHA loan is a mortgage backed by the Federal Housing Administration and offered through private mortgage companies, making it potentially easier to qualify for than conventional loans. This is because FHA loans tend to accept lower credit scores and require smaller down payments, making them ideal if you’re buying your first home or have limited financial resources. Mortgage insurance is required for this backing and the borrower is responsible for paying the premiums for this insurance.

When it comes to an FHA loan, not all lenders offer the same interest rate or costs.

Connect with us to find out how we can help make this type of loan a reality for you and your family.

We’re here to help you with your mortgage needs

FHA Loans Features

Find out if an FHA Loan can help get you one step closer to your first house:

Credit score requirements are lower compared to other loans.
You may still be able to qualify if you previously had a bankruptcy or other financial issues in the past.
Low down payment requirements—you can put down as little as 3.5%.

To get an FHA Loan, you must also follow the FHA Property Requirements:

The home must meet the FHA’s minimum property standards:
- Safety – The home should protect the health and safety of the occupants
- Security – The home and surroundings should be secure
- Soundness – The property should not have physical deficiencies or conditions affecting its structural integrity
The loan can’t exceed the loan amount limits in your area. .
If you purchase the home, you need to move in within 60 days of closing.
The home must be your primary residence. Investment properties and second homes don’t qualify for FHA loans.

3 QUICK & EASY STEPS

A simple online process

01 Estimate Your Payments

Use our mortgage calculator to explore potential monthly payments based on factors like home price, down payment, loan term, and interest rate. This gives you a better idea of what could fit your budget.

02 Explore Potential Loan Options & Speak with an MLO

Connect with a Mortgage Loan Officer (MLO) to discuss available loan programs, understand your options, and get personalized guidance on the next steps. This conversation may help you make informed decisions before proceeding.

03 Start Your Loan Application

Once you find the right home, you’ll begin the official loan application process. Your MLO will guide you through gathering necessary documents and submitting your application to see if you can move toward approval.

VRM Lending LLC is not affiliated with or acting on behalf of or at the direction of the FHA, VA, or the Federal Government.

Getting a mortgage starts here.

Start here and answer a few questions to see what you might qualify for. Feel confident in getting started without the pressure or commitment.