755 SW 7th St B, Upper & Lower,

Redmond, OR 97756

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?

For individuals and families in Terrebonne, Eagle Crest, and Deschutes seeking financial support to achieve their homeownership dreams, FHA loans offer a viable solution through our Redmond Office. These loans provide a pathway to borrowing money with more lenient qualifications compared to traditional loans. Whether you’re a first-time homebuyer or aiming to refinance an existing property, understanding the ins and outs of FHA loans can make a significant difference in your financial journey.
Mother walking with her young child outside.

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 accommodate borrowers with credit scores as low as 500, making homeownership accessible to a wider range of individuals.
  • With a minimum down payment requirement of 3.5%, FHA loans enable borrowers to enter the housing market with a relatively small upfront investment.
  • These loans are insured by the Federal Housing Administration (FHA), providing lenders with a safety net and potentially resulting in more favorable loan terms for borrowers.
  • FHA loans offer options for refinancing that can help borrowers secure better interest rates and lower monthly payments, contributing to long-term financial stability.
  • Borrowers have the flexibility to choose between fixed-rate and adjustable-rate FHA loans, allowing them to tailor the loan structure to their financial preferences.

Understanding the FHA Loan Process in the Redmond Office:

Begin by getting pre-approved, which involves providing necessary documentation and information to determine the loan amount you qualify for.

The property you intend to purchase must meet certain FHA standards to ensure its safety and habitability.

Submit a loan application, including details about your finances, employment history, and the property’s information.

Our Redmond Office will review your application and documentation to assess your eligibility and calculate the loan terms.

Once your loan is approved, you’ll sign the necessary paperwork and complete the transaction, officially becoming a homeowner.

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

FHA loans are primarily intended for primary residences, so they are not suitable for purchasing second homes or investment properties.
There is no specific minimum income requirement, but your debt-to-income ratio will be considered during the underwriting process to ensure affordability.
Yes, you can explore the FHA 203(k) program, which combines the cost of home purchase and renovation into a single loan, facilitated by our Redmond Office.
FHA loans can be used for various property types, including single-family homes, condominiums, and multi-unit properties, as long as they meet FHA standards.
Yes, you can refinance a conventional loan into an FHA loan, provided you meet the FHA’s eligibility criteria and guidelines.

By understanding the FHA loan process and its benefits and limitations, you can make informed decisions about your homeownership journey through our Redmond Office in Terrebone, Eagle Crest, and Deschutes.

“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.