FHA Loans: Accessible Financing for Every Borrower

FHA Loans are government-insured mortgages specifically designed to make homeownership possible for a broader range of borrowers. They are particularly suited for first-time buyers, those with limited savings, or individuals who have faced credit challenges in the past.
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Easier Credit Qualification

FHA Loans are more forgiving than conventional loans when it comes to credit scores and financial history. Borrowers with past credit issues, limited credit history, or previous financial challenges may still qualify, making FHA financing accessible to a wider range of individuals. Team Gjerulff, led by Adam Gjerulff at GoRascal, works with you to review your credit profile, identify areas for improvement, and guide you through the FHA-specific qualification requirements. We provide expert advice on how to optimize your application, demonstrate financial responsibility, and increase your likelihood of approval. This guidance empowers you to move forward with confidence, knowing that you have a loan structure that meets your needs.
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Competitive Interest Rates

Despite the flexibility offered by FHA Loans, borrowers can still access competitive interest rates that make monthly payments affordable and reduce total interest over the life of the loan. These rates are often lower than other government-backed or alternative loan products, helping borrowers save money in the long term. Adam Gjerulff  at GoRascal leverages its relationships with multiple lenders to secure the most favorable rates for FHA borrowers. We take the time to explain how interest rates affect both monthly payments and total loan cost, enabling you to make informed decisions that align with your financial plan and homeownership objectives.
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Benefits of FHA Loans

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Low down payment options starting at 3.5%, making homeownership accessible

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Easier credit qualification, allowing more borrowers to secure financing

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Competitive interest rates that reduce monthly payments and total costs

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Government-backed protections providing stability, security, and confidence
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Government-Backed Protections and Stability

FHA Loans are insured by the Federal Housing Administration, which provides additional security for both lenders and borrowers. This insurance protects the lender against loss, allowing them to offer more flexible loan terms and qualification standards while giving borrowers peace of mind. At Adam Gjerulff  with GoRascal we help you understand how FHA insurance impacts your mortgage, including mortgage insurance premiums, potential repayment obligations, and long-term cost considerations. Our team ensures you fully understand the advantages and implications of government-backed protection, allowing you to plan for a financially secure future while taking advantage of affordable homeownership opportunities.
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Why Choose GoRascal

At GoRascal, led by Adam Gjerulff, we are committed to helping clients in Virginia, Maryland, and Florida achieve their homeownership and investment goals with confidence. Our team provides personalized mortgage solutions, expert guidance, and a transparent loan process tailored to each client’s unique financial situation. Whether you are a first-time homebuyer, seasoned investor, or looking to leverage your home equity, GoRascal ensures you have the right loan program, competitive rates, and ongoing support from application to closing.

We are known for

Personalized Solutions: Tailored loan programs that fit your specific needs and goals

Expert Guidance: Experienced team providing clear, actionable advice at every step

Fast and Efficient Process: Streamlined approvals and funding to save time and reduce stress

Trusted Partner: Commitment to transparency, integrity, and long-term client relationships

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Why Choose Rapid Closing?

Choosing the right mortgage partner can make all the difference in your homeownership journey. At Rapid Closing, we combine speed, expertise, and personalized care to deliver financing solutions that are tailored to your goals. Whether you’re a first-time home buyer, refinancing, or exploring specialized programs, our team is dedicated to making the process smooth, transparent, and stress-free. With Rapid Closing, you’re not just getting a loan—you’re gaining a trusted partner who stands by you every step of the way.

We are known for

Fast & Reliable Closings – Streamlined processes that save you time and stress.

Wide Range of Loan Programs – From FHA and VA to DSCR, Jumbo, and USDA loans.

Personalized Guidance – Clear, step-by-step support with dedicated loan specialists.

Flexible Solutions – Options designed for first-time buyers, investors, and unique situations.

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"FAQs"

GoRascal, led by Adam Gjerulff, provides a wide range of loan programs including Conventional Loans, VA Loans, FHA Loans, Non-QM Loans, Bridge Loans, Buy Before You Sell Programs, Jumbo Loans, Investment Property Loans, HELOCs, Fix & Flip Loans, Construction Loans, DSCR Loans, and Reverse Mortgages. We serve clients in Virginia, Maryland, and Florida, providing personalized guidance to help you find the right financing solution for your needs.

Choosing the right loan depends on your financial situation, goals, and the type of property you are financing. Our team at GoRascal evaluates your income, credit, property type, and long-term objectives to recommend the most suitable loan program. We guide you through every step to ensure you make an informed decision.

Yes. We offer pre-approval for most of our loan programs, which helps you understand your budget, strengthens your offer when buying a home, and speeds up the financing process. Pre-approval involves a review of your financial documents and credit profile to determine the amount you can borrow.

GoRascal is licensed and serves clients in Virginia (VA), Maryland (MD), and Florida (FL). Our team provides personalized loan solutions across these states, whether you are purchasing a home, refinancing, or investing in property.

The timeline varies depending on the loan program and property type. Conventional and FHA loans may take a few weeks, while specialized loans like Fix & Flip, Construction, or DSCR Loans can take longer due to documentation and underwriting requirements. At GoRascal, we streamline the process, keep you informed at every step, and work efficiently to close your loan as quickly as possible.

Low Down Payment Options

One of the primary advantages of FHA Loans is the ability to purchase a home with a down payment as low as 3.5% of the purchase price. This makes it possible for buyers who may not have significant savings to enter the housing market sooner and start building equity. At Adam Gjerulff  with GoRascal, we carefully review your overall financial picture to determine the ideal down payment strategy. We consider your available funds, monthly budget, and long-term financial objectives to help you decide how much to put down without jeopardizing cash flow or future flexibility. This ensures that your loan is both manageable and aligned with your broader financial goals.