FHA Loans

FHA Loans2018-10-23T22:17:40+00:00

A FHA Loan may be right for you if:

  • You’re a first-time or repeat homebuyer; or
  • You have a low credit score; or

  • You want a low down payment; or

FHA Loan Benefits and Features:

  • Low down payment: 3.5% of the purchase price. Mortgage insurance is required.

  • Lower credit scores: Minimum is 580. Scores below 580 may still qualify, but the minimum down payment would be at least 10%. Restrictions apply.

  • 100% gift funds are acceptable for down payment and closing costs.

  • Fixed-rate and adjustable-rate mortgages (ARM) available.

  • Flexible qualification guidelines.
  • Other requirements and conditions apply.