FHA means Federal Housing Administration, insured by the Department of Housing and Urban Development. FHA loans are a good option for those with a poor credit score who are planning to purchase their first home.

It is accessible and affordable.

So, learn how to apply for a loan with FHA!

The first thing you need to do is find an FHA-approved lender. Most banks and mortgage companies provide this type of mortgage.

Then, submit a loan application. Most lenders will accept it online. But, it is best if you certify the terms, conditions, and requirements in advance.

After that, you must submit documentation, personal and financial information, and more. You should receive a loan estimate within some business days.

Also, the process will require a home inspection before closing the deal.

No app is available.

FHA loans are great deals for those first-time homebuyers with a lower credit score. But, the higher your score is, the better conditions you will get.

However, if you don’t qualify for FHA, you can apply for a conventional loan. Check it out!