FHA Loans


For Wage Earners that can provide Latest 2 Years of Tax Returns + W2s, and latest 30 days of paystubs.


An FHA loan is a type of mortgage loan that is insured by the Federal Housing Administration (FHA). This means that if the borrower cannot repay the loan, the FHA will help cover the lender's losses. Because of this insurance, lenders are more willing to offer favorable terms to borrowers, such as lower down payments and more flexible credit requirements.

Key features of FHA loans

  • Lower Down Payment: FHA loans typically require a down payment as low as 3.5% of the home's purchase price, making it easier for people to buy a home without needing a large amount of money upfront.

  • Flexible Credit Requirements: FHA loans are more forgiving of lower credit scores compared to conventional loans, so people with less-than-perfect credit can still qualify.

  • Assistance for First-Time Homebuyers: These loans are often popular with first-time homebuyers because of the lower down payment and easier credit requirements.

  • Loan Limits: There are limits to how much you can borrow with an FHA loan, which vary by location and are designed to ensure the loans remain accessible to a wide range of borrowers.

Requirements

  • Income W2: 2 years employment history w/paystubs

  • Income Self-Employed: 2 Years of Tax-returns

  • Income Retirement, Social Security, Pension.

  • Down Payment 3.5% (score 580+, ideal 620+)

  • Down Payment 10% (score 550 to 579)

  • Collection do not matter

  • Student Loans OK

  • Gift money OK (family member)

  • Manufactured homes OK (built after 1977)

  • Mortgage insurance always required

  • 6% Seller Concessions

Step 1 - See what You Qualify For

W2 &
Tax Returns

2 years of W2s and Tax Returns
Jumbo,FHA ,Conventional,VA,USDA
Down payment as low as 3%
Score as low as 550 with 10% Down

Bank Deposits as Income

No W2s, No Taxes, No Paystubs!
Self-Employed we use the latest
12 Months of bank deposits.
Requires 20% Down

DSCR
For Rentals

No W2s, No Taxes, No Paystubs!
The rent must cover the mortgage,
Score as slow as 640
Min. 20% Down

FLIPS
Buy Fix Sell

No Income Required
Experience or No Experience
Score as slow as 640
10%-20% Down

Step 2 - Apply

Work with an Expert Mortgage Consultant

22 Years Experienced as Loan Originator, 3 years as underwriting , 2 years as appraiser.

At Generation Mortgage Associates LLC , we partner with over 50 top lenders nationwide to find the best mortgage loan tailored to your specific needs. Regardless of your financial situation, credit history or income, we can secure a mortgage for you.


Our agents possess extensive expertise in the real estate market, staying ahead of trends and understanding property values. This enables them to offer you tailored, insightful guidance specific to your needs and goals.

Whether you prefer face-to-face meetings or virtual consultations, we are accessible and ready to assist. Trust us for a smooth and stress-free financing journey.

© Copyright 2026. All rights reserved by Generation Mortgage Associates LLC

Company NMLS#: 224585

1155 Pasadena Ave S - Suite H - South Pasadena, FL 33707

This website has not been reviewed, approved or issued by HUD, FHA or any governmental agency.