FHA Loans

Tailored Solutions for Lancaster County Homebuyers

Are you a first-time buyer, someone with limited down payment funds, or navigating homeownership with a unique financial profile? At Mortgage Craft, we help you determine which loan product suits your particular need; we will consider a wide range of options with you, including FHA Loans, to make the right choice.

Why Choose FHA Loans?

Government-Backed Support for Your Journey

Discover the key to homeownership with FHA loans, designed for first-time buyers and those with credit scores below 620. They offer the option of a 3.5% down payment and may offer lower interest rates.

Low Down Payment: FHA loans offer a low down payment requirement of as little as 3.5% of the purchase price, making homeownership more accessible, especially for first-time buyers.
Flexible Credit Requirements: FHA loans are more forgiving of lower credit scores compared to conventional loans, making them a viable option for borrowers with less-than-perfect credit histories.
Assumable Loans: FHA loans are assumable, which means that if you sell your home, the buyer can take over your existing FHA loan terms, potentially making your home more appealing to future buyers.
Fixed and Adjustable Rates: FHA loans offer both fixed-rate and adjustable-rate options, allowing borrowers to choose a loan structure that best suits their financial situation and long-term plans.
Government Backing: FHA loans are insured by the Federal Housing Administration (FHA), which provides a level of security for lenders. This backing can result in more lenient qualification criteria and potentially better interest rates for borrowers.

Opportunities with FHA Loans

Your Path to Qualification

The qualification process can seem daunting or even scary. At Mortgage Craft, we have seen a thing or two and are always solutions-oriented. Let us help you craft a plan to set you on a path toward homeownership.

FHA loans make it easier for first-time buyers to own a home by requiring a low down payment of as little as 3.5% of the purchase price.

Our Process

Partnering with You on the Path to Homeownership

We work for you. As mortgage brokers, it is our job to walk with you on the path toward homeownership; we never want to throw you into a loan. We want to help you understand, navigate the waters, and secure financial stability for your future.

Understand

We deeply analyze your financial situation and aspirations to create a personalized plan that aligns with your vision of success.

Navigate

With our expert advisors by your side, you’ll gain knowledge and confidence to make informed decisions in the mortgage market.

Secure

We explore uniquely crafted opportunities to secure the best loan options for your financial success, going beyond traditional approaches.

Client Testimonials

See What Our Clients are Saying

"Working with Ralph and the staff at Mortgage Craft was amazing. We lived 3.5 hours away - that did not matter to Ralph and staff! They all made you feel like you were their only clients - and we all know they have many happy clients."

Cheri D.

"Ralph and his team did a WONDERFUL job with handling our mortgage. They made the process so smooth and effortless. We really felt like the team was looking out for our best interest all throughout the process. They kept us well informed and were always responded to our inquires in a timely manner. If you want next level service, use Mortgage Craft for sure!"

Jessica D.

"Mortgage Craft is a tremendous provider of financial services. The team at Mortgage Craft went above and beyond providing services for our recent home purchase. It was refreshing to actually have a company do what they say and communicate efficiently and effectively throughout the process from start to finish. I highly recommend Mortgage Craft and will utilize their company in the future. "

Josok O.

"I have bought a few houses over the years and this was by far the easiest process. We were able to get approved and closed within weeks of obtaining our purchase agreement. I highly recommend Mortgage Craft."

- Doug H.

Get Started

Let's Take the First Step Together

The first step is often the hardest, you will never simply hear “no” from us, we are always solutions-oriented so take the first step and lets craft a plan together.

What is an FHA loan?

An FHA loan is a government-backed mortgage designed to assist first-time homebuyers and those with lower credit scores or limited down payment funds. It is insured by the Federal Housing Administration (FHA) and allows for a down payment as low as 3.5% of the purchase price.

Who is eligible for an FHA loan with Mortgage Craft?

Eligibility is based on credit, income, liabilities, and assets. Once those are addressed, we can determine eligibility. Credit scores as low as 520 may be considered, with other factors notwithstanding.

How can I benefit from an FHA loan?

FHA Loans can provide lower costs at closing and sometimes lower interest rates. This can provide easier access from a cash-on-hand perspective or lower interest rates, which can help from a cash flow perspective from month to month.

What is the process for applying for an FHA loan with Mortgage Craft?

Applying for an FHA loan is no different than applying for any other loan. We will always consider all loan options when reviewing an application, so when you are ready, complete the application online or give us a call to set up an appointment!