FHA Loans
Rob and the Mad City Home Loans Team proudly serve Wisconsin, Illinois, Iowa, Minnesota, Michigan, Florida, Texas, North Dakota, South Dakota, Colorado, and Washington.
Rob and Mad City Home Loans offers FHA loan solutions designed to make homeownership more accessible for buyers who may need more flexible qualification options or a lower upfront investment. These programs help simplify the path to buying a home while keeping the process clear, structured, and easy to understand.
With over 20 years of experience, Rob helps clients use FHA financing the smart way by clearly explaining requirements, reviewing available options, and building a loan strategy that fits each client’s unique situation. His approach is focused on clarity, honest guidance, and personal support, ensuring every client feels confident and informed from the first conversation through closing.
How it works
Apply
Start with Clarity and Confidence
Not sure if an FHA loan is right for you? We’re here to explain your options, answer your questions, and help you move forward with confidence. FHA loans are designed to make homeownership more accessible while keeping the process clear, structured, and manageable.
1
See Custom Loan Options
Receive personalized FHA loan recommendations based on your income, credit history, and homeownership goals. We’ll review current interest rates, estimated payments, and program requirements to help you understand how FHA financing can work for your situation. Schedule a consultation today to get started.
2
Get Pre-Approved
Complete a secure and simple online application to receive FHA pre-approval. Pre-approval helps determine your buying power and allows you to confidently begin shopping for a home.
3
Move Toward Closing
Access your Rob and Mad City Home Loans to-do list, securely upload documents, and track your progress using your smartphone or computer. Our streamlined process helps keep your loan moving forward efficiently.
4
After Close
Your relationship with Rob and Mad City Home Loans continues after closing. Stay connected for refinancing opportunities, future home purchase guidance, and helpful mortgage education. We also recommend scheduling an annual loan checkup to ensure your mortgage continues supporting your financial goals.
Mortgage Process
1. Initial Phone Consultation
Your FHA mortgage journey begins with an initial phone consultation focused on clarity and planning. We’ll review FHA loan requirements, qualification guidelines, and explain how the process works from start to finish. We’ll also estimate your buying power and review realistic monthly payment expectations. Before we finish, you’ll receive a clear checklist of documents needed for pre-approval.
2. Pre-Approval Consultation
After submitting your application, we’ll schedule a detailed pre-approval consultation. During this call, we review your income, credit, assets, and debts to confirm FHA loan eligibility. We explain your numbers in simple, easy-to-understand terms and answer any questions. Once completed, you’ll receive a pre-approval letter that strengthens your position when making an offer on a home.
3. Shopping for a Home
With your pre-approval ready, you’ll work with a real estate agent to find homes that match your needs, lifestyle, and budget. Your agent will guide you through showings, pricing strategies, and neighborhood considerations. When submitting an offer, your pre-approval demonstrates financial readiness and helps position you as a serious buyer.
4. Loan Application Consultation
Once your offer is accepted, we move into the formal FHA loan application phase. We’ll review your full loan application together, confirm accuracy, and discuss loan structure details, payment expectations, and FHA-specific requirements. You may also choose to lock your interest rate to help protect against market changes during the loan process.
5. Document Collection and Review
At this stage, we collect any remaining documents needed to support your FHA loan file, including updated income, asset, or employment verification. Our team carefully reviews all documentation to ensure it meets FHA and lender guidelines. Completing a thorough review early helps prevent delays later in the process.
6. Insure Your Home
Homeowners insurance is required for FHA loans and protects your investment. You’ll begin shopping for coverage, often starting with your current insurance provider. If needed, we can connect you with trusted insurance professionals. Once you select a policy, we’ll collect proof of coverage to keep your loan moving forward.
7. Appraisal and Inspection
We’ll order an FHA appraisal to confirm the property meets FHA safety and value standards while supporting the agreed purchase price. This protects both you and the lender. You may also choose to schedule a home inspection, which is highly recommended to identify potential property concerns before closing.
8. Processing and Underwriting
During processing, we verify all details of your FHA loan file, including income, employment, assets, and property information. Third-party verifications are completed, and the appraisal is reviewed. Your file is then submitted to underwriting for a detailed review to confirm compliance with FHA loan guidelines.
9. Conditional Loan Approval
After underwriting reviews your file, you’ll typically receive a conditional loan approval. This means your loan is progressing but additional documentation or clarification may be required. These requests are normal. We’ll clearly communicate each requirement and guide you through the process quickly and efficiently.
10. Final Loan Approval (Cleared to Close) & Pre-Closing Consultation
Once all underwriting conditions are satisfied, your loan is officially cleared to close. We’ll schedule a pre-closing consultation to review the final steps and explain what to expect leading up to closing day so you feel confident and fully prepared.
11. Final Closing Disclosure Consultation
Before closing, you’ll receive your Closing Disclosure outlining final loan terms, monthly payment details, and closing costs. We’ll review the document together and confirm the closing date, time, and location while answering any remaining questions.
12. Closing
Closing day is when your FHA loan is finalized. You’ll sign mortgage documents, complete any required payments, and finalize the transaction. For home purchases, this is when ownership officially transfers and you receive the keys to your new home.
13. After Closing & Beyond
Your first mortgage payment is typically due about one month after closing. We’ll provide clear payment instructions and continued support. From here forward, you become a Client for Life with Rob and Mad City Home Loans. We continue monitoring opportunities to improve your mortgage strategy through refinancing, financial restructuring, or using home equity for future goals.
Contact Us
Get in Touch
Have a question about your mortgage or next steps? Send us a message and our team will get back to you as soon as possible.
