991 NE 3rd St,

Prineville, OR 97754

Affordable homeownership starts here with FHA loans from Mann Mortgage!

America's most used Affordable Housing program gives you great rates with minimal down payment and flexible credit options.

What are FHA home loans?

If you’re a resident of Powell Butte and you’re considering borrowing money to purchase a home, the FHA loan might be an excellent option for you. Our Prineville Office offers FHA loans as a viable solution for aspiring homeowners who are looking to make their housing dreams a reality. This comprehensive guide will provide you with essential information about FHA loans, their benefits, limitations, and the loan process, helping you make an informed decision when it comes to securing a mortgage.
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Not sure where to get started? That's okay too, we're happy to meet you where you're at and direct you to the right place or person.

FHA loans
at a glance.

  • FHA loans are designed to cater to a diverse set of borrowers, including those with lower credit scores or limited down payment capabilities.
  • One of the standout features of FHA loans is the lower down payment requirement, which can be as low as 3.5% of the home’s purchase price.
  • FHA loans often come with competitive interest rates, making home ownership more affordable over the life of the loan.
  • Our Prineville Office’s FHA loans have more lenient qualification requirements compared to conventional loans, making it easier for borrowers to qualify.
  • FHA loans require mortgage insurance, both upfront and ongoing. This insurance protects the lender in case the borrower defaults on the loan.

Understanding the FHA Loan Process in the Prineville Office:

The process of obtaining an FHA loan from our Prineville Office involves several steps:

Start by getting pre-approved for an FHA loan. This step involves providing financial information to the lender, who will assess your eligibility.

Once pre-approved, you can start searching for homes that fall within your budget. Keep in mind the FHA loan limit for your area.

When you find your dream home, make an offer. If the seller accepts, you’ll move forward to the next steps.

Complete the FHA loan application process, providing detailed financial information and documentation.

Our Prineville Office will review your application and may request additional documentation. Once approved, you’ll proceed to the closing stage, where you’ll sign the necessary paperwork and finalize the purchase.

Applying for a home has

never been easier

Our quick and secure process takes less than 10 minutes to apply.

Learn more about

FHA loans

Yes, FHA loans offer refinancing options that can help you lower your interest rate or switch from an adjustable-rate to a fixed-rate mortgage.
While the FHA itself doesn’t set a strict minimum credit score, our Prineville Office may have its own requirements. Generally, a credit score of 580 or higher is considered favorable.
No, FHA loans are intended for primary residences only and cannot be used to purchase investment properties.
The mortgage insurance premium is typically calculated as a percentage of the loan amount. Your lender can provide you with specific details.
Yes, some down payment assistance programs are compatible with FHA loans. Our Prineville Office can provide information about local programs that may be available to you.

As you consider your options for buying a home in Powell Butte, keep in mind that the FHA loan program from our Prineville Office could be a valuable tool to help you achieve your homeownership goals. Understanding the benefits, limitations, and loan process will empower you to make a well-informed decision that aligns with your financial situation and aspirations.

“Our loan officer was very helpful and kept us in the loop with updates on everything. As a first-time buyer it was an amazing experience to have a team of people that were truly trying to help me and my family get a home.”

Kassandra H.

Let's get you home.

Flexible requirements, low credit score qualifying, & as little as 3% down. Our local loan experts will help guide you.

If you have a loan officer you are working with, please select them from the list below.