FHA Home Loans

Federal Housing Administration (FHA) loans help many first-time buyers enter the world of homeownership while also providing unbeatable trade-up opportunities for many repeat homebuyers.

These programs provide low down payment options, reduced closing costs, higher loan limits, the ability to finance rehabilitation with a purchase, and other benefits that many buyers thought were unavailable.

Government-backed FHA loans are perfect for:

• First-time homebuyers
• Low-to-moderate income families
• Buyers looking for a low down payment
• Buyers with higher debt-to-income ratios

FHA Program Features:

• Low down payment options
• Minimum credit score of 500
• 0.5% of purchase price as monthly mortgage insurance
• 2-year waiting period required after bankruptcy and 3-year waiting period after foreclosure
• Low income requirements and no geographic restrictions
• Down payment can be gifted from a relative, borrowed from an eligible 401K, or provided through an approved state or local program
• FHA loan limits vary by county

Contact us today to learn how an FHA Loan can help you achieve your homeownership goals.