FHA Financing Has Never Been Easier.
Less Rules, Better Rates, More Approvals.
What is an FHA Loan?
An FHA loan is a loan insured against default by the FHA. In other words, the FHA guarantees that a lender won’t have to write off a loan if the borrower defaults – the FHA will pay. Because of this guarantee, lenders are willing to make large mortgage loans.
Welcome to Mid America Mortgage, Inc.
Are you having trouble getting Pre-Approved for a home loan, or having difficulty making your monthly mortgage payments?
We are your El Paso FHA loan experts at Mid America Mortgage, Inc..
Whether you are just searching for more information about FHA loans, looking to buy a new house, or needing to refinance out of an Adjustable Rate Mortgage, our FHA Loan experts at Mid America Mortgage, Inc. can guide you in the right direction.
Since FHA Loans are backed by the Federal Government, there are lots of reasons why everyone prefers them over other types of mortgage financing.
Top 5 Reasons Why People Choose FHA Loans
- Easier to Qualify For
- Require a Small Down Payment
- Do Not Require Perfect Credit
- Have Better Interest Rates
- Provide Better Home Stability for buyers by helping them KEEP their homes during hard times.
We make the process of purchasing a new home or refinancing your current mortgage simple and straight forward by offering you the latest in financial tools set forth by the best banks in our country.
This will enable you to make the most accurate financial decision. Purchasing a home or refinancing your current mortgage should not be stressful. Please contact us for up to date rates and any other mortgage questions or apply now.
How Can You Use FHA Loans?
You Can Buy a Home
FHA Loans offer many advantages. An FHA home loan is a government-subsidized loan that is not only popular with first time homebuyers, but with buyers who have already purchased a home before. FHA refinances are also very popular among home-owners who were initially placed in a high interest rate subprime loan. Subprime loans were initially created for home buyers with below than average credit scores. FHA home loans and refinances are not credit score driven and because of this, it is very attractive for people with not so perfect credit.
Many exciting things are happening with FHA home financing. FHA Modernization is under way and you’ll want to stay up-to-date with changes coming up such as down payment requirements and large tax credits given to home buyers. To know the maximum FHA loan limit in your area, please feel free and use our FHA loan limit calculator.
Check FHA Eligibility Now
Get free advice and a quote in 30 seconds.
You Can Refinance and Save Money
We provide a variety of information if you are considering a refinance of your current loan.
You can learn about your refinance options, including an FHA Refinance as well as other types of loan refinances.
It is important to be aware of current interest rates to ensure that the value of refinancing out weighs the cost.
Do not be discouraged if you believe you have challenged credit.
Please contact us for today’s rates or apply now to receive a free quote and free credit report!
Start Saving with FHA.
Better rates. Lower fees. It's a no-brainer.
Danny at Mid America Mortgage, Inc. helped me and my wife buy a home for our family here in El Paso. We didn't know how everything worked, but he made everything really easy for us and got us a really good rate and low fixed payment. Thank you, Danny...we really appreciate everything you did for us.
El Paso, TX
What Are You Waiting For?
Discover why over 96.7% of El Paso is FHA financed.