FHA Loans


The Federal Housing Administration, generally known as “FHA”, provides mortgage insurance on loans made by FHA-approved lenders and brokers. Cornerstone Lending is an approved FHA mortgage broker.

FHA makes buying a home easier than ever.

FHA insured mortgages have many advantages over conventionals loans:

Easier to Qualify – Because FHA insures your mortgage, our lenders are more willing to lend with lower qualifying requirements, this makes borrowing easier.

Less than Perfect Credit – FHA has more liberal standards towards past credit problems, including bankruptcy

Less cash needed – FHA has a minimal 3.5% down payment, this money can come from a family member, employer or charitable organization.

Lower monthly payments – Since a FHA Mortgage is federally insured, the rate may be lower than a conventional mortgage.

Effective March 6, 2008, HUD offers temporary FHA loan limits that will range from $271,050 to $729,750 (Limits). The limits are much higher than ever before. Call Cornerstone Lending for loan limits in your area.

Call Cornerstone Lending today, and find out whether an FHA loan is the loan that would best meet your needs. Our representatives are standing by to assist you.