Andrew PhalenStonehaven Mortgage
FHA
Purchase Loan Program

A welcoming path to your first home

A great choice for first-time buyers or anyone with limited funds for a down payment.

Available 7 days a week Call (630) 926 6368 NMLS #2354018
The FHA Loan

Built for accessibility

An FHA loan is insured by the Federal Housing Administration and is a great choice for first-time homebuyers or anyone working with a limited down payment. Its flexible guidelines open the door to homeownership for buyers who might not yet qualify for a conventional loan.

Why it works

What this loan can do for you

01

Low down payment

Qualified buyers can start with as little as 3.5 percent down.

02

Flexible credit guidelines

FHA loans are often more forgiving for buyers still building their credit profile.

03

Great for first-time buyers

A practical first step toward owning your home.

04

Gift funds allowed

Down payment funds can come from an eligible gift in many cases.

Why work with me

A second-generation loan officer in your corner

I have been immersed in the mortgage industry since I was 17, building a deep understanding of it from the ground up. My focus is simple: make the process straightforward, transparent, and stress-free for you.

Whether you are a first-time buyer or refinancing, I will guide you through every step with advice tailored to your goals. Feel free to call me anytime, including weekends.

Book a time to talk
Common questions

FHA loans, answered

What credit do I need?

FHA guidelines are more flexible than many programs. Let us look at where you stand and what is possible.

Does an FHA loan have mortgage insurance?

Yes, FHA loans include a mortgage insurance premium. I will explain how it works and factor it into your numbers.

Ready to talk through your FHA options?

Let us review what fits your goals and get you a clear next step. No pressure, just straight answers.