FHA.com Review

FHA.com links buyers and owners to home purchase and mortgage refinancing solutions. The company specializes in FHA loans. FHA loans are backed by the Federal Housing Administration (FHA), a division of the Department of Housing and Urban Development (HUD). The FHA makes homeownership more accessible to a wider cross-section of the U.S. population.

The FHA doesn’t issue loans itself. Rather, it partners with private-sector companies who issue loans to consumers meeting FHA eligibility standards. FHA.com can help users find lenders who offer FHA loans. It isn’t a government agency and maintains no direct affiliation with the U.S. federal government. In this review, we’ll look closely at how FHA.com works so you can know what to expect.

Pros and Cons of FHA.com

Pros:

Cons:

What Does FHA.com Offer?

FHA.com doesn’t directly issue loans. Instead, it matches eligible borrowers with government-authorized lenders participating in the FHA loan program. So, you can use FHA.com to get quotes, compare offers, and obtain financing through the company’s partner lenders.

Borrowers can choose from two main options:

Home purchase loans are for buyers seeking financing for the property they wish to acquire. Refinancing programs serve homeowners who want to change the terms of their loan. Refinance loans replace an existing mortgage with a new one, and can lead to:

FHA Purchase Loans

FHA.com links users to a complete range of FHA-backed home purchase programs, including:

FHA Refinance Loans

Borrowers seeking to refinance their existing mortgages can also match with multiple options, including:

HUD Loan Limits

All partner lenders in the FHA.com network are subject to the terms and conditions established by HUD. For 2021, HUD has set loan limits as follows:

Area Type
Single
Duplex
Triplex
Fourplex
Low Cost
$356,362
$456,275
$551,500
$685,400
High Cost
$822,375
$1,053,000
$1,272,750
$1,581,750

The official definitions used by HUD and the FHA are complex, but the general gist goes like this:

What To Expect on Site

Also, note that you can only finance the purchase of a primary residence through FHA-backed programs. The FHA does not support buyers of investment properties or second homes.

FHA.com has an easy quote request process. Begin by choosing your loan type: home purchase or mortgage refinance. Then, enter the zip code where the property is located and supply:

FHA.com also asks a few other questions, which depend on the loan program that interests you. The entire process takes only a few minutes to complete and carries no costs or obligations.

If you’re interested in an FHA loan, then you’ll also want to determine your eligibility for an FHA loan. Standards for 2021 include:

Pricing

Because FHA.com doesn’t actually issue loans itself, the site doesn’t publish information about rates. Actual rates depend on locally available offers through FHA.com’s partner network. You can obtain a firm quote by completing the company’s quote request process.

That said, there are a few generalities worth considering:

The Bottom Line

FHA.com offers users more value than some quote aggregators. It doesn’t just link consumers to quote comparison tools. It also provides educational resources, enhancing its usefulness and trustworthiness. Consumers should always carefully compare competing offers, even when borrowing through government-backed programs. FHA.com makes it fast and easy to do so. If you’re interested in FHA loans, then you should check out FHA.com as you consider top home purchase lenders and mortgage refinance lenders.