Summit Lending - Mortgages & Refinancing, Serving all of Missouri, Kansas, Florida, & Arizona


FHA loans originate from the Federal Housing Administration and are insured by HUD (US Dept. of Housing) so that lenders can offer more affordable mortgage rates. FHA loans require lower down payments and closing costs. There are even options for financing 100% of the loan, and several grant programs that provide FHA loan customers financing for the down payment.

FHA loans offer options to those who’ve undergone bankruptcy or foreclosure. They’re available to first time home buyers, refinancers,  and anyone who’s purchasing property and doesn’t already have an existing FHA loan. The guidelines for debt ratio and job qualifications are more lenient than a conventional loan.

What is an FHA Loan?

  • FHA loan requirements are more flexible than conventional loans and provide the easiest application.

  • This program is easy to apply for and you can find out within minutes if you may qualify for the FHA Streamline Loan. Take advantage of the lower interest rates and everything else this FHA program has offer.

  • If you have an FHA loan that originated before June 2009, you may qualify for a FHA Streamline refinance mortgage loan. This process is incredibly simple when compared to standard refinance or loan applications.

Who is eligible for an FHA Loan?

  • Those with two years of consistent employment – preferred by the same employer

  • Income over the past two years is the same, or increasing

  • Credit guidelines vary; please ask The Summit Lending Team for details

  • Bankruptcies must be 2 years old; good credit since the bankruptcy

  • Foreclosures must be 3 years old; good credit since the foreclosure

  • Mortgage payment of your new home must be around 30% of your gross income

How do I apply for an FHA Loan?

To see if you pre-qualify for a FHA home loan, contact Summit Lending today at (816) 268-4025 or


The Top Benefits of an FHA Streamline Loan

Better loan terms

You do NOT need an appraisal on your home, even if you are upside-down

You do NOT need to verify your income or employment

Your credit score will NOT be pulled