FHA Mortgage Lender in Knoxville
Is An FHA Loan Right for You?
An FHA loan is a type of mortgage loan that is insured by the Federal Housing Administration (FHA). 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.
The FHA program was created in response to the rash of foreclosures and defaults that happened in 1930s, to provide mortgage lenders with adequate insurance, and to help stimulate the housing market by making loans more accessible and affordable.
203K FHA Loans
An FHA 203K loan is a loan backed by the federal government and given to buyers who want to buy a damaged or older home and make repairs to it.
Let’s say you want to buy a home that needs a brand-new bathroom and kitchen. An FHA 203K lender would then give you the money to buy (or refinance) the house plus the money to do the necessary renovations to the kitchen and bathroom.
FHA Refinancing in Knoxville
Refinancing an FHA loan? Looking to save and remove your Private mortgage insurance? We can help with that too. We’ll find the best refinance options for your FHA loan so you can save.
The FHA Loan Process:
- Connect with John to gather initial information about you
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
Do I Qualify?
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. Borrowers who cannot afford a traditional down payment or may not have the credit to qualify for a conventional program benefit the most by getting an affordable home mortgage through the use of FHA.
Informed Decisions
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Informed Decisions
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Save Money
Get Pre-Approved
We proudly help customers in Knox County, Hamblen County, Anderson County, Union County, Sevier County, Blount County and more.
Let us help find the right mortgage for you and your family. We'll discuss all of your loan options, what fits best for your budget and for your future plans.
With John Fleming of Let's Mortgage, you're guaranteed to be in good hands during the home buying process.
We look forward to hearing from you!
This is not a commitment to lend. By clicking 'Submit,' you agree that Stockton Mortgage and its employees may call or text you, including through automated means, at the number provided. You understand that you are not required to consent as a condition of qualifying for a loan.