FHA Loans are geared toward hard-working families in low- to moderate-income brackets. Down payments are lower than conventional mortgages. And you can choose from various terms with fixed or adjustable rates.

Key Features of FHA Loans

  • Allows you to purchase a home when you have limited resources
  • Ideal for first-time homebuyers from low- to moderate-income families
  • Purchase a home using a lower down payment

Requirements

Down Payment 3.5% of the final loan amount
Terms 10, 15, 20, 25, 30 years, fixed and ARM
Credit Score 640* minimum
Mortgage Insurance Yes, one-time, up-front and monthly
Maximum Loan Limit Yes, varies by county
* Unless approved by FHA Choice Manual Underwrite Process

Questions? Get started now, and a licensed Loan Officer will reach out to you shortly.

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