ASJ Mortgage Solutions, LLC

FHA Loans

Ideal for flexible credit and down payments as low as 3.5%.

At ASJ Mortgage Solutions, LLC, we help Phoenix homebuyers take advantage of FHA Home Loans—a government-backed mortgage program designed to make homeownership possible for first-time buyers, moderate-income families, and borrowers with less-than-perfect credit.

With low down payments, flexible credit requirements, and options for closing cost assistance, FHA loans are one of the most accessible ways to buy a home in Arizona.

What Is an FHA Home Loan?

An FHA loan is insured by the Federal Housing Administration and available only through approved lenders like ASJ Mortgage Solutions, LLC. FHA loans are ideal for buyers who:

Have limited savings for a down payment
Need flexible credit score requirements
Want access to gift funds or assistance programs
Prefer a straightforward, government-backed mortgage

An FHA loan is insured by the Federal Housing Administration and available only through approved lenders like ASJ Mortgage Solutions, LLC. FHA loans are ideal for buyers who:

Key FHA Loan Benefits

Low Down Payment – As little as 3.5% with a credit score of 580+
Flexible Credit Standards – Scores as low as 500 may qualify with a higher down payment
Gift-Friendly – 100% of your down payment can come from approved gift sources
Closing Cost Assistance – Seller or lender contributions available
Fixed-Rate Options – Predictable payments with 15- or 30-year terms
Multiple Programs – Tailored to fit different borrower needs

Mortgage Insurance Premiums (MIP)

FHA loans require two forms of mortgage insurance:

Upfront MIP (UFMIP) – 1.75% of the loan amount (paid at closing or rolled into the loan)
Annual MIP – 0.45%–1.05% of the loan amount (varies by loan details, added to monthly payment)

Duration

Less than 10% down → MIP lasts for the life of the loan
10% or more down → MIP lasts for 11 years

How to Qualify for an FHA Loan

Most FHA lenders look for:

DTI Ratio – 50% or less
Steady Employment – Or 2+ years of verifiable self-employment
Credit History – 580+ for 3.5% down, 500–579 with 10% down
Post-Bankruptcy/Foreclosure – 2 years past bankruptcy, 3 years past foreclosure
U.S. Citizenship & Legal Age
Required Documentation – Bank statements, income proof, tax returns

Types of FHA Loans We Offer

Local Market Knowledge – Understanding the Phoenix housing market
Multiple Loan Options – We work with a variety of lenders and programs
Personalized Service – One-on-one support from application to closing
Transparent Process – No hidden surprises, just clear guidance

Why Choose ASJ Mortgage Solutions for Your FHA Loan?

FHA loans require two forms of mortgage insurance:

Local Arizona Expertise – We understand the Phoenix market
Fast, Clear Approvals – No delays, no surprises
Personalized Guidance – From application to closing
Transparent Process – Every step explained in plain language

FHA Loan FAQs

What’s the difference between pre-qualified and pre-approved?

Pre-Qualified – Quick estimate based on basic info

Pre-Approved – Verified review of income, credit, and assets for stronger offers

How long does it take to close?

Usually 30–60 days

Can I have more than one FHA loan?

Not typically, unless special circumstances apply (relocation, family growth, etc.)

How can I improve my credit to qualify?

Pay bills on time, lower balances, avoid frequent new accounts

Get Started Today

Whether you’re buying, renovating, or refinancing, we’ll help you secure the right

loan for your needs—quickly and confidently.

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Information is subject to change and does not constitute a loan approval or commitment to lend. Applications subject to credit and underwriting review. Not for use in NY.

All Rights Reserved. ASJ Mortgage Solutions, LLC | Privacy Policy | Terms & Conditions - NMLS Consumer Access / Legal Disclaimer - This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Other limitations may apply. This site is not authorized by the New York State Department of Financial Services. No mortgage loan applications for properties located in the state of New York will be accepted through this site.