Parkside Lending, a national wholesale and correspondent lender, says it now offers Federal Housing Administration (FHA) loans.
FHA loans are designed to help creditworthy lower- and moderate-income individuals and families to buy or refinance a home. Many of these people are first-time home buyers who might not qualify for conventional financing.
FHA loans offer greater flexibility than conventional financing concerning borrower qualifications, including lower minimum down payment requirements. These products contribute to the stabilization of the housing market, according to Parkside Lending.
‘By offering FHA loans, we are able to support a larger percentage of our clients' business and broaden homeownership opportunities for qualified borrowers,’ says Matthew Ostrander, chairman and CEO of Parkside Lending. ‘We will deliver the same great customer experience with FHA loans that our clients have become accustomed to with our suite of conforming, jumbo and non-QM loans.’