Nolan Home Loans - FHA Mortgages

Whether you are a first time home buyer or a seasoned real estate professional, Nolan Home Loans is here to work with you and help you make the best decision for you and your family.  At Nolan Home Loans we approach every client as if the transaction we're doing together is the beginning of a relationship.  Our goal is to provide you with the best service possible, putting your needs first.  When the transaction is complete, we want you to walk away with a positive experience and be happy to refer us to your friends and family. 

FHA loans present a fantastic opportunity for some borrowers to purchase the home they've always wanted. FHA (The Federal Housing Authority) insures these loans so borrowers across the country can quality for loans with lower down payments, lower closing costs, and reduced credit requirements.

FHA loans may be 30, 25, 20, or 15-year fixed rate mortgages or 1/1, 3/1 or 5/1 adjustable rate mortgages.  While the vast majority of FHA loans are 30-year fixed rate mortgages the 3/1 or 5/1 ARM may make sense for a borrower who knows with a high degree of certainty that they will be selling the house and moving within 3-5 years and wants to take advantage of the lower interest rate and lower monthly payment in the meantime.

FHA loans allow a maximum loan to value ratio of 96.5% of the purchase price on purchases and rate/term refinances and a maximum 85% loan to value ratio on cash-out refinances.   See our FHA FAQ’s for answers to common FHA loan questions.  At Nolan Home Loans we are proud to offer FHA loans to our clients, and we are eager to answer any additional questions that you might have. 

We are currently able to offer FHA mortgages in the following states: