The Federal Housing Administration (FHA) is a United States government agency created in part by the National Housing Act of 1934. FHA Mortgages expand the eligibility of home-ownership to borrowers that may not fit into the typical conforming loan. Nearly 1 in 5 home buyers use an FHA loan to finance a home. The agency is best-known for its old-fashioned 30-year fixed-rate mortgage, but the FHA also offers a 15-year fixed rate loan as well as a series of adjustable-rate mortgages.
Mortgage 1 is proud to be the second largest overall provider of FHA mortgages in our primary service area. If you have any questions regarding FHA or other mortgage options please contact a Mortgage 1 branch in your hometown.