Need Mortgage Loan An FHA loan is a mortgage insured by the federal government. With down payments as low as 3.5% and easier qualifications than conventional mortgages, FHA loans are popular with first-time home buyers.Understanding Home Lending. From learning the mortgage process, to finding the right loan for you, exploring options to lower your payments, or finding how a loan or line of credit can meet your needs, the Home Lending Education Center is the place for answers. Visit Understanding Home Lending First-time buyers face the same challenges experienced homeowners do, but without the. The following table highlights current mortgage rates in your area.
The more lenders you check out when shopping for mortgage rates, the more likely you are to get a lower interest rate. Getting a lower interest rate could save you hundreds of dollars over a year.