FHA Loans

Federal Housing Administration (FHA) Loan featuring a low down payment and flexible credit requirements.

What is a FHA loan?

FHA loans are insured by the Federal Housing Administration. These loans are designed to help first-time homebuyers and experienced homeowners alike. FHA loans require mortgage insurance premiums, which serve as protection for lenders in the event a homeowner defaults on their home loan. The availability of FHA loans, guaranteed by the government, allow lenders to offer mortgage financing to more home buyers.

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Benefits of a FHA Loan

  • Down payments as low as 3.5%
  • Gift funds allowed for total of down payment and closing costs
  • FICO as low as 585
  • Energy-efficient mortgages, refinances, and renovation loans also available