FHA loans are government-insured mortgages with less-rigorous criteria for. FHA loans come in fixed-rate terms of 15 and 30 years.
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All but one of the 20 loans underwrittern by Federal Housing Administration (FHA) direct endorser Alethes LLC and reviewed by the Department of Housing and Urban Development’s Office of inspector general (oig) failed to meet FHA standards, according to the OIG.. The oig audited lakeway, Texas-based Alethes as part of Operation Watchdog, an initiative to review the underwriting of 15 direct.
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FHA loans have more lenient credit and income requirements than other loans, and your down payment could be as low as 3.5%. Learn more and apply today!
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