FHA loans are insured by the federal government. This allows more favorable terms and easier requirements.
FHA
The Federal Housing Administration (FHA) operates under the U.S. Department of Housing and Urban Development, offering mortgage insurance for loans granted by FHA-approved lenders. This coverage extends to single-family homes, multifamily properties, residential care facilities, and hospitals across the United States and its territories.
FHA mortgage insurance serves to safeguard lenders from financial losses in the event of a property owner defaulting on their mortgage. In such cases, the FHA compensates the lender for the unpaid principal balance. This risk mitigation enables lenders to extend a greater number of mortgages to prospective homebuyers. Loans seeking insurance must meet specific criteria to qualify.
The FHA primarily sustains its operations through self-generated income. It collects mortgage insurance premiums from borrowers through lenders, utilizing this revenue to administer mortgage insurance programs that benefit homebuyers, renters, and communities.
Established in 1934 by Congress during a challenging period for the housing industry, the FHA aimed to address issues such as high unemployment among construction workers, stringent terms for homebuyers, and limited mortgage loan terms. At the time, homeownership was relatively low, with only 1 in 10 households owning homes. In 1965, the FHA became a part of the Department of Housing and Urban Development’s Office of Housing.
Realtors
We are excited to team up with your Real Estate Agent.
Real Estate Agents are a welcome part of our team. We all work together to make your homeownership dream a reality.
Trusted by some of America’s top Real Estate Agencies:
Personalized Approach.
US Trust Home Loans provides personalized mortgage solutions, offering tailored guidance and a customer-centric experience that aligns with each borrower’s unique financial goals.
Personalized Financial Solutions
We provide personalized mortgage solutions, considering each and every homebuyer’s unique financial goals.
Transparent Communication
US Trust Home Loans offers transparent information on rates, fees, and terms, fostering trust and empowering homebuyers.
Efficient and Streamlined Process
US Trust Home Loans uses technology for fast approvals and a seamless, hassle-free experience for homebuyers.
Expert Guidance and Support
We support homebuyers at every step, ensuring confidence and informed decisions throughout the mortgage journey.
US Trust Home Loans has been an absolute lifesaver for the agents in my office.
US Trust Home Loans constantly demonstrates professionalism, prompt communication, and a deep understanding of the local real estate market. Their seamless communication and responsiveness makes the entire process remarkably smooth for my team and my clients.
Marie Santana
Real Estate Broker/Manager
US Trust Home Loans has shown me an unmatched level of professionalism.
The personalized service and tailored solutions they provide my buyers ensure an efficient mortgage experience. I wholeheartedly recommend US Trust Home Loans to anyone seeking a reliable and client-focused mortgage partner. They make a great team to make the deal happen.
Katie Price
Real Estate Agent
