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.

Fha Loans Frame
Couch Plant Frame

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. 

An Hourglass Representing The Financial Analysis That Mortgage Craft Undergoes For Clients


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

A Graphic Representing The Journey Of Buying A Home With A Mortgage Loan


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

Hands Shaking Representing The Agreement Mortgage Craft'S Brokers Have With Their Clients To Find The Best Loan Options For Them.


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

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.

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.

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.

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!