Easier qualifying requirements for Purchase and Refinance mortgages with a low – down payment.
Key Features
FHA loans make getting a mortgage easy
- Attractive interest rates with less stringent qualifications and credit requirements
- Low 3.50% down payment requirement
- Gift funds may be allowed for all or a portion of your down payment and closing costs
- FHA loans allow sellers to pay up to 6 percent of the sales price to cover buyers closing costs
- FHA streamline refinance loan option to save on your current monthly payment
Other loans you might be interested in:
- VA Loan
- 30 Year Fixed
- 15 Year Fixed
Why an FHA Loan?
FHA loan qualification requirements
- Credit scores as low as 580 may qualify
- Refinance up to 97.75% of your primary home’s value
- Buy a home with as little as 3.5% down (a primary home)
How an FHA loan works
- Your actual payment will vary based on your situation and the current interest rates when you apply
- Pay your mortgage at any time without pre–payment penalties
- 30– year‚ 25–‚ 20– and 15–year terms are all available with fixed rates
- 5–year adjustable–rate mortgages are available
- Refinance your current FHA loan with an FHA Streamline to lower your payment