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FHA Mortgage: Your Best Home Loan Option?

Need a little help getting into a home? Concerned about strict credit requirements? The Federal Housing Administration (FHA) is here to help first time home buyers and those looking to re-enter the housing market.

We've uncovered all the benefits and details that make a FHA loan an exceptional program. Scroll down to learn more or talk to an expert, utilize our easy loan wizard to explore rates and payments or get approved now.

The Nuts And Bolts

The Nuts And Bolts

  • You can purchase a new home with as little as 3.5% down.
  • 100% of the down payment on your new home can be gifted.
  • You can refinance up to 97.75% of your primary home's value.
  • For those with an existing FHA mortgage, a streamlined refinance option is available with reduced mortgage insurance, no appraisal and no income qualification.
  • Cash out refinance is permitted.
  • Credit a consideration? No problem – credit scores as low as 580 may qualify.
  • Want to limit closing costs? You can finance the up-front mortgage insurance payment in the loan.
  • Sellers can help too! Up to 6% of seller contributions are allowed toward closing costs.
More Details And Specifics

More Details And Specifics

  • Available with fixed and adjustable rate options.
  • A FHA mortgage can be used to purchase or refinance a primary residence.
  • Eligible properties include Single Family Residences and approved Planned Unit Developments (PUDs) and Condos.
  • FHA loans are available to both first-time and repeat homebuyers.
  • If you're looking for a home in a high-cost area, the FHA offers generous loan limits in designated locations.
A Few Extras

A Few Extras

  • Breathe easy: the FHA home loan offers low mortgage insurance options depending on loan terms and loan-to-value ratio.
  • Want to tie things up quickly? Pay off your mortgage at any time without prepayment penalties.