Updated January 2018
When you are looking for the right FHA lender, there are many choices you have to choose from that will range from small independent mortgage brokers to the bigger banks. The important thing when shopping for a lender who can help you with an FHA loan is if the lender is FHA approved and the loan officer that you work with is knowledgeable when it comes to FHA guidelines.
The bigger the bank, the greater the likeliness that there are FHA lenders there. Banks such as Wells Fargo, Bank Of America, Citibank, and Chase are all some of the biggest banks around and have a high FHA lender population.
Tip: Make sure you get quotes from each big bank to find the best rate and lender to work for you.
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Are Bigger Lenders Better?
While big banks are more likely to have FHA lenders, that doesn’t mean they are the only place that offers this service and certainly not always the best option. Make sure you are shopping around for a lender who works for your needs and is knowledgeable of the FHA loan guidelines.
Find the best FHA lender for you, click here.
Shop Around for FHA Lenders
When comparing lenders, you can save quite a bit of money just by shopping around. You may be surprised at what some lenders can offer you in terms of rates and terms.
Shopping around for qualified FHA lenders is easy – simply get started below and you will be introduced to multiple FHA experts who are happy to help you with your FHA loan needs or just simply answer questions.
Remember throughout your to search write all your questions down when shopping around. Also, write the pros and cons of each lender and their respective rates. Get all quotes in writing so there is no miscommunication with your lender. Keep your options open and don’t settle on the first lender you hear from.