FHALoans.com is a lender and borrower matching service that is focused on FHA home loans. Its services make it easy for borrowers to get customized lender recommendations from multiple companies that offer FHA purchase and refinance loans.
FHALoans.com simplifies the loan comparison process for you. Instead of having to sort through a number of lender offers on your own, FHALoans.com will provide you with the tools, resources, and lender recommendations to make your loan search easier. First-time home buyers will especially benefit from the wide range of online resources available on FHALoans.com
FHA loans make it easier for borrowers to qualify for a mortgage. With FHALoans.com, eligible borrowers can get approved for a loan with a down payment that is as small as 3.5 percent. Those with lower than average credit scores will also have a better chance qualifying for a loan through FHALoans.com.
These standards are typical for most FHA lenders, however FHALoans.com will increase your odds of being matched with a lender with similar qualifications.
FHALoans.com is able to match borrowers and lenders through its personalized and detailed matching processes. Potential consumers are asked a series of questions to inform the most ideal loan recommendations for them. Some of the questions may ask you about:
Once the form is complete, a lender will reach out with personalized recommendations via phone or email to present your best loan options.
FHALoans.com offers a variety of online education and resources to help you feel confident about the home loan process. It can help you understand the general FHA loan process, plus its customizable tools make it easy for you to estimate your future expenses based off of your current situation.
Two of the most unique tools that it offers are the FHA home mortgage calculator and the FHA home affordability calculator. The FHA home mortgage calculator allows you to estimate what the payments of your FHA loan may be. The FHA home affordability calculator allows you to estimate what homes you can and cannot afford to buy.
Not all loan comparison sites offer these kinds of tools, making FHALoans.com a great option if this is your first time ever looking into an FHA loan.
It is unclear how effective FHALoans.com's matching tool is. There are no reviews on its website or Best Company to confirm customer satisfaction with this product.