a Division of American Pacific Mortgage Corporation NMLS 1850
Meet Our Experts

FHA loans have always given individuals a chance at homeownership because they empower people with less-than-ideal credit. And, they can even help future homeowners with down payment assistance.

The National Association of Home Builders says the use of FHA loans to finance new home purchases is strengthening. In the fourth quarter of 2019, the share of new homes purchased with FHA loan options reached nearly 19 percent, up from just 11 percent in 2017.

The increase in sales grew by nearly 3 percent in the third quarter of last year, the largest share since 2012.

If you’re thinking about purchasing a home in Oahu, an FHA loan may pave a clear pathway through its lenient qualifying guidelines. Since FHA loans are government-guaranteed, lenders are more willing to approve applicants through lenient qualifying guidelines.

Modest credit scores and other perks can help applicants get approved for a loan more quickly.

It’s also worth noting that while typical down payments can range from 10 to 20 percent for conventional loans, an FHA loan provides greater flexibility, resulting in greater accessibility.

If you’re ready to make Oahu home, please contact our office today to learn more about the FHA program and how it may help you reach your goals.

Visualize Digital