Home Buying » Compare Mortgages » Best FHA Mortgage Lenders of 2021
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Best FHA Mortgage Lenders of 2021

FHA loans offer several benefits including low rates and low down payments. Compare the best mortgage lenders for FHA loans and apply online.
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FHA loans are great options for those looking to purchase a home. These loans are mortgages insured by the Federal Housing Administration, hence the FHA in the name.

They actually offer borrowers to finance homes with low down payments. Even as low as 3.5 percent.Due to these lower rates FHA loans are great for first-time buyers.

These buyers are usually those that don’t have enough money saved up for larger down payments that often come with big purchases. Borrowers of FHA loans also can be those that have suffered from bankruptcy or even foreclosures.

Borrowers with a credit history like these tend not to qualify for other mortgage loans. 

Now the key is to finding the best lenders of FHA mortgages. If you are looking for the perfect FHA loan so that you can find your new home, we are here to help by going over a few of the top lenders.

Here are The Smart Investor select’s picks for the top FHA mortgage lenders:

Guild Mortgage

They perfected their business by government FHA loans for first-time homebuyers and then began working with Ginnie Mae which put them on the map as one of the up and growing mortgage companies in the early 60’s.

Guild Mortgage Company avoided the sub-prime market and emerged from the downturn healthy and strong and now they have more than 4,000 employees, and 349 branches and satellite offices in 31 states. Guild Mortgage has highly trained loan professionals who are experienced in government-sponsored programs such as FHA, VA, USDA, low down payment assistance programs, Conventional, Jumbo, and Renovation loans as well as niche products for customer specific needs.

guild mortgage review

Flagstar Bank Mortgage

Flagstar Bank offers a wide range of mortgage division. The Bank allows you to open a number of different fixed-rate mortgages to home loan to VA Adjustable-rate loan, construction Draw loan, refinance loan, jumbo loan, one-close loan, multiple property loan and government backed-up loans such as; USDA Rural Development Loans, Federal Housing Administration Loan. However, they do not provide renovation loans, and the home equity loan is limited geographically.

To be eligible to get a loan at Flagstar, you need to have a minimum credit score of 620 and a minimum down payment of 3%. However, to apply for the FHA Loan, the borrowers must have a minimum down payment of 3.5% and zero down payment for USDA and VA loans.

Flagstar bank review

Quicken Loans

Quicken Loans is a major nationwide lender with a variety of loan options that can meet almost any customer’s needs.  It has an abundant and robust online presence.   You apply from your phone, your iPad, any mobile device, as well as your computer and conduct the entire process online.  There are many calculators and resources to help any borrower on their web site.

Quicken Loans does not have to boast about its Customer Service ratings (usually obtained by internal polling of customers) – it is a widely respected company by both consumers and major and minor ratings agencies (BBB.com, JD Powers & Associates, ConsumerAdvocate.org, etc.).  Negative ratings can be found, but they are in the minorit

New American Funding Mortgage

New American Funding Mortgage is ideal for individuals looking for safe and secure loans backed by the government. Some of the loan options provided by the lender include FHA, USDA, and VA government-backed loans. Jumbo loans, refinance loans, interest-only loans, and purchase loans. They also provide individuals with access to community loans that may not be provided by non-bank lenders. You can start the loan application process online or in person, but the lender employs a physical underwriting process as it enables them to reach underserved markets.

Broker Reviews Methodology

When it comes to working with investors, we want to make sure that you’re getting unbiased reviews and we want to make sure that you can get a good idea of what to expect from online brokers. We also want to make sure that whether you’re new to investing or you’ve been at it for a while you can get what you want. Here are the main things we focus: 

  • Investment Options – What type of options are available and what sort of variety? Are you able to work in ETFs, mutual funds, options, futures and more?
  • Technology – What does the system allow you to do when it comes to software and applications? Can you get data exportation, email updates and even currency support?
  • Fees – What are the costs associated with the service
  • Account Options – What types of products and features are actually available and how can you get the best variety? Where can you get good banking services like loans, checking and more? Can you do all of it in one location or are you going to have to go with different options and locations?
  • Customer Service – Do you get 24/7 responses and support? Are you going to have an easy time getting in touch with a real person for help?
  • Banking products – We look at things like savings accounts, checking accounts, money market accounts and CDs related to things like fees and APY. We also make sure that we’re looking at the best APY without having to worry about qualifications and expensive features. We don’t want to have a difficult usability rating or difficult to use mobile apps, ATMs or restrictions. We want to get it as easy for you as possible.

Broker Reviews Methodology

When it comes to working with investors, we want to make sure that you’re getting unbiased reviews and we want to make sure that you can get a good idea of what to expect from online brokers. We also want to make sure that whether you’re new to investing or you’ve been at it for a while you can get what you want. Here are the main things we focus: 

  • Investment Options – What type of options are available and what sort of variety? Are you able to work in ETFs, mutual funds, options, futures and more?
  • Technology – What does the system allow you to do when it comes to software and applications? Can you get data exportation, email updates and even currency support?
  • Fees – What are the costs associated with the service
  • Account Options – What types of products and features are actually available and how can you get the best variety? Where can you get good banking services like loans, checking and more? Can you do all of it in one location or are you going to have to go with different options and locations?
  • Customer Service – Do you get 24/7 responses and support? Are you going to have an easy time getting in touch with a real person for help?
  • Banking products – We look at things like savings accounts, checking accounts, money market accounts and CDs related to things like fees and APY. We also make sure that we’re looking at the best APY without having to worry about qualifications and expensive features. We don’t want to have a difficult usability rating or difficult to use mobile apps, ATMs or restrictions. We want to get it as easy for you as possible.
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