FHA Mortgage Lenders: Making the Right Decision

When shopping for FHA mortgage lenders, it's easy to be overwhelmed by the number of choices available. There are many details to consider, but in the end, it will come down to a few key aspects.

Product Knowledge and Choice

The lender you choose should have access to a variety of FHA products. In addition to conventional 30-year fixed loans, your lender should be knowledgeable about FHA streamline refinances, the availability of shorter terms, and up-to-date information on the impact of the most recent government interventions.


Because buying a home is a long and difficult process, requiring more paperwork than nearly any other purchase you will ever make, it is important that your lender is available when you need him or her. Calls to your lender should be returned promptly. You should not feel pressured into signing an agreement or paying large fees up front (it is standard to pay an application fee that covers the cost of your credit check).

Tips for Choosing a Lender

The relationship you build with your FHA lender is an important one, so be sure you choose someone whose personality is compatible with your own. You should trust your lender and feel comfortable discussing your financial situation with your lender. Be sure to shop around before making a final choice.

blog comments powered by Disqus