About FHA Insured
Home Loans

Typically an FHA loan is one of the easiest types of mortgage loans to qualify for because it requires a low down payment and you can have less-than-perfect credit. It also allows for a higher debt-to-income ratio than a traditional mortgage loan, making it that much easier to qualify !

An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). Essentially, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments. Because it's insured by the FHA, lenders allow for a lower down payment, just 3.5% is all that's required. 

We’re here to make the FHA home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE FHA Loan Qualifier (see below)

Fee's Associated with FHA Insured Loans

  • Funding Fee: FHA charges a fee of 1.75% of the loan amount, but that is applied to the loan, so it's not an out of pocket expense
  • Appraisal: Current cost is about $525
  • Property Taxes and Home Owners Insurance: Varies based on location
  • ​Impound Accounts: These are "savings" accounts set up for property taxes and home owner insurance
  • Closing Fees: Approximatley $3,000 and includes charges for Title, Escrow and Lender.

Benefits of FHA Insured Loans

  • Low Down Payment: Just 3.5%
  • ​Lower Rates: Because these loans are FHA insured, rates are affordable
  • ​Low FICO Scores: Borrowers with scores oas low as 580 may get financing
  • Higher DTI Ratio: This makes qualifying easier if you have higher debt

See if you qualify for an
FHA Insured Home Loan

We've simplified the process so you can getting an initial pre-qualification in 2 easy steps, without Pulling Your Credit !

Simply fill out the form below

We'll process the information that you supply us and will let you know if you may qualify based on that information... SUPER EASY !

STEP 1

Figuring Your Debt to Income Ratio

What is a Debt to Income Ratio?

The debt to income ratio (known as DTI) is a number lenders use to determine how much money is available to pay monthly bills

The chart shows what items are included in a Debt to Income Ratio

Things such as food, utilities, fuel, cell phones and recreational spending are NOT part of the debt to income ratio

The debt to income ratio (known as DTI) is a number lenders use to determine how much money is available to pay monthly bills

The chart shows what items are included in a Debt to Income Ratio

Things such as food, utilities, fuel, cell phones and recreational spending are NOT part of the debt to income ratio

Figuring your Debt to Income Ratio SIMPLIFIED

Income - this is before taxes
Monthly credit card payments
Car payments
Student Loan Payments
"Other" Loan Payments
Alimony/Child Support Payments

STEP 2

Home Loan Pre-Qualifier
NO Credit Check
How much will you spend on a home?
How much are you putting down?
Loan Term in Years
Fixed rate or adjustable?
What Type of home are you buying?
How will you occupy the home?
Where is the home located?
How is your credit?
When Are you wanting to buy ?
The Quote will be sent by the next business day via text message and email
We promise not to spam or in any way harass you, we dislike that just as much as you do.

What others are saying...

" Ryan and his team are a top notch group they help me in several different ways from repairing my credit to purchasing a home. If it wasn't for his group I probably would still be renting a home "

~ Patrick Berg

"Ryan was referred by a good friend so I called him, and I'm glad I did! Everything seemed to flow flawlessly, from learning about the home buying process, to quickly getting a home loan approval. Super Awesome Experience!"

~ Libby L

"We were quickly approved for a home loan and Ryan helped us focus on our goals. His guidance led us to the perfect one, right down to the sunsets we wanted. He's a great person, we're blessed"

~ Julie P

"Ryan is awesome! He tells you like it is and is very knowledgeable in the Real Estate game. If he tells you it can be done, believe it!"

~ Caroline C

Copyright 2021 -  Grace Mortgage LLC - All Rights Reserved
Grace Mortgage LLC   NMLS ID 2271494  |  909-781-4001
Licensed by the Arizona Department of Financial Institutions, License #MB- 1030403

Ryan Mihld  NMLS ID 1492562, also licensed by the California Dept Of Real Estate #01501609

Equal Housing Lender. Cost and fees may vary. Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend. All loans subject to credit approval and secured by real estate. 
We are not a certified financial planners/advisors, nor certified financial analyst, nor economist, nor CPA, nor accountant, nor a lawyer. We're not finance professionals through formal education. 
This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Other limitations may apply.
Grace Mortgage LLC  |  20597 W Garden St  Buckeye, AZ 95396