FHA Loans

Did you know you could qualify for a FHA loan with as little as 3.5% down and a credit score as low as 620?


During and immediately after the Great Depression, nearly half of American homeowners had defaulted on their mortgages. The Federal Housing Administration was created as a result, with the dual goal of drastically reducing the number of foreclosures and helping to make homeownership more affordable.

Today, FHA loans are among the easiest to obtain, with very reasonable terms and low-interest rates; although, mortgage insurance is required for the duration of the loan.

Here are some of the benefits of FHA loans:

  • Up to 96.5% financing – that’s just 3.5% down!
  • Can be used to purchase or refinance a primary residence
  • Flexible credit guidelines and expanded qualifying ratios – this means lower credit scores and existing debts won’t necessarily stop you from qualifying for the loan
  • The maximum FHA loan amount varies by geographic area
  • There are no income limits or location restrictions
  • Up-Front Mortgage Insurance of 1.75% – Vault Mortgage can finance this into the loan amount
  • Monthly Mortgage Insurance is required through the FHA if the down payment is less than 10% – this amount is worked into the monthly payment and can be removed once you have 20% equity in your home
  • These fees can be avoided by using a conventional mortgage loan if you qualify

Here for you, every step of the way.

We’ve got the experience and the professional network to get your loan funded. If it can be done, we’re the ones who can get it done. You’ll have direct access to a friendly, communicative, professional Loan Originator who will walk you through every step of the process. If a problem ever pops up, you’ll be the first phone call with a solution.

26041 Predazzer Ln Suite A, Daphne, AL 36526

24951 Perdido Beach Blvd
Orange Beach, AL 36561

309 Richard Jackson Blvd, Suite 200,
Panama City Beach, FL 32407

Vault Mortgage LLC | NMLS# 1785021
Approved Lender in Alabama #22567 and Florida
MBR3074 www.nmlsconsumeraccess.org

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Equal Housing Opportunity. Loan programs not available in all states, or to all consumers. All loans are subject to availability at the time of application and for terms that meet each individual consumer’s needs and qualification information. Loan applications are subject to credit and property approval. Vault Mortgage LLC encourages all consumers to consult with a tax advisor concerning the tax implications for the type of mortgage sought.