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FHA Mortgage Loans

Affordable Home Loans

The Federal Housing Administration (FHA) was created out of the National Housing Act of 1934 and was established to increase home ownership and provide affordable housing opportunities for all Americans coming out of the Great Depression.

While most people believe that the FHA lends money directly to borrowers, it actually just insures the mortgage financed by FHA-approved lenders.

FHA Mortgage

Why Are FHA Loans So Great?

FHA loans are one of the easiest mortgage loans to qualify for due to the flexible credit guidelines and the low-down payment requirements. A borrower who cannot afford a traditional down payment of 5% or has gone through a financial hardship like a short sale, foreclosure or bankruptcy can benefit the most from the FHA program.

What Are the Advantages of FHA Loans?

  • 3.5% down payment
  • Credit scores down to 580
  • No prepayment penalty ever
  • An FHA loan may also be assumable
  • An FHA loan may allow the debt to income ratio to exceed 50% based on individual qualifications
  • Allows for 6% seller paid closing costs
  • Easy to use gifts for down payment and closing costs
  • Allows for non-occupying co-borrowers to help qualify

Mortgage Calculator

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Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421



Anchorage Branch:
3035 C Street Suite 103
Anchorage, AK 99503

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Focus Home Lending is the smart choice for your mortgage needs. Unlike a bank, mortgages are all we do. Every day, borrowers who are moving to our beautiful state or buying investment properties anywhere in Alaska, come to us for assistance with their home purchase and refinance needs.
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The Turnkey Foundation Inc. DBA FOCUS HOME LENDING NMLS# 2596369 | 866.639.6554 | Restrictions may apply. Program rates, prices, guidelines, fees, costs, terms, and conditions are subject to change without notice. Not intended to solicit buyers or sellers currently under contract with a brokerage. Whole or partial reproduction is forbidden without written permission from the publisher. Equal Housing Lender. NMLS# 236669 | DRE# 01845041