FHA Programs


If you are in the process of buying your first home, surely you’ve come across some new terms that you’re unfamiliar with. In AmeriCasa we want to ease your troubles and address your concerns. What’s an FHA loan, let’s get into it.  

FHA loans are part of something called the Federal Housing Administration, they have been around since 1934 and are highly recommended for first time home buyers. The objective of the program is to provide qualifying buyers with these advantages. 

  • A lower down payment on a home
  • Lower closing costs
  • Having an easier time qualifying for a mortgage

FHA is a very popular program among our clients AmeriCasa, is flexible and have other benefits: 

  • If this is your first time purchasing a home, this can be what makes it possible to do so. Your initial payment can be as low as 3.5% and is available for two out of every four properties.
  • It can also be very helpful for those over 62 years of age. People who have paid off their home entirely or have very little debt to pay off can qualify for an FHA program called a reverse mortgage. A reverse mortgage converts equity (the accumulated value) of a property that one can use right away. 
  • If you qualify for an FHA loan, you could also bundle it with the installation of a more efficient energy system for your home. 
  • There are also FHA programmes that exist for mobile homes and new additions to a home. For example, these programs would be very useful if you own a property you’d like to build on, or if you’d like to buy a mobile home in a park that hold these kinds of homes.

Like we’ve mentioned before, there are various programs though the FHA,  and are confident in them; feel free to ask us so we can connect you with one of our team members that will guide you through it.

This site is not authorized by the New York State Department of Financial Services. No mortgage loan applications for properties located in the state of New York will be accepted through this site.

“NMBNOW” "Americasa" and "Americasa Home Loans" are registered DBAs of Nationwide Mortgage Bankers, Inc 68 S Service Rd Suite 400, Melville, NY 11747 ("NMB"). "Americasa" is not a DBA approved in New York but "Americasa Home Loans" is. NYS Department of Financial Services #LMB 109502 HUD Approved Title II Supervised Lender #3113200005. Nationwide is not acting on behalf of or at the direction of HUD/FHA or the Federal Government. All loans are subject to Credit and Appraisal Approval. Program, Rates, Terms, and Conditions are subject to change without notice. This is not a commitment to lend.NMB is in no way affiliated with "Nationwide Mutual Insurance Company". NMB is Registered with the Nationwide Mortgage Licensing System NMLS #819382 DBA NMB HOME LOANS INC. in AL, AZ, FL, GA, IL, IA, KS, LA, MN, MT, OK, PA, SC, SD and TX. DBA NMB Home Loans in MA. New Jersey Residential Mortgage Lender License #819382; All loans are subject to Credit and Appraisal Approval. Program, Rates, Terms, and Conditions are subject to change without notice. https://www.nmlsconsumeraccess.org/.


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