Mortgage insurance is part of the program
FHA financing includes mortgage insurance. Ask your loan originator to show how it affects the monthly payment compared with a conventional scenario.
loan programs
FHA Loans
An FHA loan is mortgage financing insured by the Federal Housing Administration. It is often considered by first-time buyers and by borrowers who want a more flexible credit review.
Get access to homeownership with low down payments, flexible credit requirements, and competitive rates—perfect for first-time buyers or those looking to achieve their homeownership goals with ease.
Program description as published on bossmortgage.com/products (preserved verbatim).What this financing is
With FHA financing, the loan itself is made by a lender and insured by the FHA. That insurance is why FHA guidelines can review credit differently from conventional guidelines.
FHA financing includes appraisal and property condition standards, and mortgage insurance is part of the structure. Boss Mortgage’s products and services have not been approved or endorsed by, and Boss Mortgage is not affiliated with, any government agencies.
Who it may be a fit for
First-time buyers
Borrowers whose credit history has some blemishes
Buyers who have limited funds available for a down payment
Borrowers who were declined under conventional guidelines
Buyers who want to compare FHA and conventional side by side
Not sure if FHA Loans fits your situation?
A licensed Boss Mortgage loan originator can look at the details with you and explain what applies to you.
What to think about
The property is reviewed too
FHA appraisals include property condition standards, which can matter on older homes or homes sold as-is.
It is worth comparing
FHA is not automatically cheaper or easier than conventional. The better fit depends on your credit profile, your funds available and the property.
Approval is never automatic
Not all customers will qualify for financing. All products are subject to property and credit approval.
How the process works
1. Get approved
Connect with a BOSS Mortgage loan originator, review your financing options, and provide the information needed to understand your buying power before you start shopping.
Connect with a BOSS Mortgage loan originator, review your financing options, and provide the information needed to understand your buying power before you start shopping.
Shop with a clear budget in mind. When you find the right property, your loan originator can help you understand the financing details that apply to that home and your offer.
Once you are under contract, the BOSS Mortgage team helps keep the loan moving through documentation, underwriting, and closing so you can get the keys and move forward.
Frequently asked questions
Who is an FHA loan designed for?
FHA financing is insured by the Federal Housing Administration and is often considered by first-time buyers or borrowers who want more flexible credit review than conventional guidelines allow.
Boss Mortgage is not affiliated with, and its products have not been approved or endorsed by, any government agency.
Are there property requirements with an FHA loan?
FHA financing includes appraisal and property condition standards. A licensed loan originator can explain what is typically reviewed and how it may affect the home you are considering.
Should I compare FHA and conventional financing?
Yes. The two programs review credit, insurance and down payment differently, and the better fit depends on your file.
Boss Mortgage can price both so you can compare the monthly payment and the total cost side by side.
Can I buy a home with less-than-perfect credit?
Yes. We offer loan programs that are designed to help buyers with lower credit scores. Our experts will review your situation and find the best path forward.
Can I get a mortgage after a bankruptcy?
Boss Mortgage offers specialized lending programs for individuals who have gone through bankruptcy. Waiting periods and documentation depend on the type of filing and the program.
A loan originator can review where you are today and outline realistic next steps.
What should I avoid while my loan is in process?
Large new debts, changing jobs without telling your loan originator, moving money between accounts without documentation and closing accounts can all complicate underwriting.
When in doubt, ask before you act — it is much easier than fixing it later.
Other programs
Conventional Loans
Learn how conventional mortgage financing works, who it may suit and how to talk it through with a licensed Boss Mortgage loan originator.
Learn more →
USDA Loans
USDA home loan information for buyers in eligible rural areas, with guidance from a licensed Boss Mortgage loan originator.
Learn more →
VA Loans
VA home loan information for eligible veterans, active-duty service members and surviving spouses, from the team at Boss Mortgage.
Learn more →
After Bankruptcy Lending
Mortgage options after a bankruptcy, reviewed case by case by a licensed Boss Mortgage loan originator.
Learn more →Ready to get started?
Every situation is different. We’ll help you understand your options and what may fit your goals.
This page is general information about mortgage financing and is not a commitment to lend, an offer of credit, or financial or legal advice. Program availability, guidelines and requirements are set by lenders and investors, can change, and depend on your individual circumstances and the property. Talk with a licensed Boss Mortgage loan originator about what applies to you.
Boss Mortgage LLC NMLS #2547821. See the Licensing page for state licensing information. Additional disclosures appear in the footer of every page.