The Federal Housing Administration (FHA) is an agency of the federal government that was created in 1934 in an effort to provide low income buyers the opportunity to achieve the American dream of home ownership. The FHA has evolved into a resource that assists lenders by reducing their risk of lending by insuring these loans. While advantageous to many borrowers, FHA Loans do have their own parameters for requirements and standards and not everyone is eligible to obtain a FHA Loan. While FHA Loans are designed to be more lenient than your traditional loan, the borrower still must display the ability to meet the loan requirements and repay the loan.
629 Phoenix Drive, Suite 175, Virginia Beach, VA 23452
Cavalier Mortgage Group, LLC is licensed by the Virginia State Corporation Commission, Lic. # MB2077