FHA LOANS

Making Homeownership Accessible




The Federal Housing Administration (FHA) has been helping people realize the dream of owning their own home since 1934. Because FHA Loans are insured by the government, lenders can offer prospective buyers more competitive interest rates, flexible qualifying guidelines, and lower down payment options—even with some bumps in their credit history. FHA Loans advertise a down payment as low as 3.5%, but do not provide additional disclosures required by use of a trigger term**. This lower down payment can even be provided to you from a family member as a gift. Co-signors are also allowed under FHA Financing.
FHA loans are available for purchases or refinances.
**Example FHA: Loan amount $300,000, 3.5% down, monthly payment without taxes and insurance $1,501.74, APR 5.395%, FHA monthly MI is $211,000.
*Qualifying factors may apply


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