FHA Loans
FHA Loans are insured by the Federal Housing Administration (FHA) and can make it easier for you to qualify to purchase or refinance a home. This loan option offers flexible qualification guidelines to help people who may not qualify for a conventional mortgage.
- Fixed rate
- Government issued
- Owner occupied
- Co-borrower may be a non-occupant
- 3.5% minimum down payment
- Up to 6% allowed for seller contribution to closing costs
- No pre-payment penalty
- Gift funds allowed
