2511 Montana Ave,

Billings, MT 59101

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 residents of Huntley, Laurel, Broadview, and Hurdin seeking financial solutions to their home buying dreams, our Billings Office offers a valuable avenue through FHA loans. These loans are designed to make homeownership more accessible by providing flexible lending terms and low down payment requirements. This guide will walk you through the intricacies of FHA loans, highlighting their benefits and limitations, while shedding light on the specific processes involved in our Billings Office.
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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.

  • One of the standout features of FHA loans is their low down payment requirement, making homeownership more attainable, especially for first-time buyers.
  • FHA loans are often more forgiving when it comes to credit scores, allowing borrowers with less-than-perfect credit histories to still secure favorable terms.
  • These loans are insured by the Federal Housing Administration (FHA), offering lenders added assurance and enabling them to extend financing to a broader range of borrowers.
  • FHA loans tend to come with competitive interest rates, helping borrowers manage their long-term financial commitments more effectively.
  • For those with existing FHA loans, the Billings Office offers streamlined refinancing, making it simpler to lower monthly payments or secure a better interest rate.

Understanding the FHA Loan Process in the Billings Office:

Our Billings Office follows a clear process when it comes to FHA loans, ensuring borrowers understand each step:

Begin by seeking pre-approval, which helps you understand your budget and establishes your credibility as a serious buyer.

Once pre-approved, you can start your home search, focusing on properties that fit within your budget and meet FHA requirements.

With a property in mind, submit a formal loan application. The Billings Office will guide you through the necessary paperwork.

The FHA loan undergoes underwriting, during which the lender assesses your financial situation and the property’s value to determine loan viability.

Upon loan approval, you proceed to closing, where final documents are signed, and you become the proud owner of your new home.

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

Yes, our Billings Office offers a 203(k) loan program for purchasing and renovating properties, providing funds for both acquisition and improvements.
While there’s no strict minimum, a credit score of 580 or higher generally qualifies you for the low down payment option.
Yes, you can refinance into an FHA loan through the Streamline Refinance program if you meet certain requirements.
No, FHA loans are available to all eligible borrowers, regardless of whether they’ve owned a home before.
Mortgage insurance on FHA loans is usually required for the life of the loan unless you make a down payment of at least 10%, in which case it can be removed after 11 years.

In our Billings Office, FHA loans are a pathway towards homeownership that caters to diverse financial situations. By understanding the nuances of FHA loans, you can make an informed decision that aligns with your long-term goals.

“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.