FHA Loans

Federal Housing Administration (FHA) loans are a great option for purchasing or refinancing your home. FHA loans are available for people with a credit score of 580 and above and allow a down payment of as little as 3.5%!

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FHA Fast Facts

Types of Homes

FHA loans are available for single family homes, 2-4 unit multifamily homes, townhomes, condos, and manufactured homes.

Occupancy Requirements

FHA loans are only available for primary residences. No second homes or investment properties are allowed.

Source of Funds

FHA loans require as little as 3.5% down, and those funds can come from the buyer, they can be given as a gift, or they can even come from a Down Payment Assistance program.

Competitive Interest Rates

FHA loans are government backed, which makes them less risky for lenders. Because of this, lenders are able to offer more competitive rates on FHA loans than traditional, conventional loans.

Congress created the Federal Housing Administration in 1934. Since that time the agency has insured over 50 million mortgages nationwide.

All loans are subject to underwriting or investor approval. Some restrictions may apply. This is not an offer of credit or a commitment to lend. Guidelines and products subject to change. Zero down with VA requires Veteran’s full eligibility.