One of the oldest programs for getting into your new home.
What is an FHA loan?
A Federal Housing Association (FHA) loan is a government-insured loan that helps people buy and refinance real estate, even when life hasn’t gone to plan. The FHA mortgage loan is an insurance program that has been helping people become homeowners since 1934 and continues to assist buyers in financing homes for their families to this day.
What are the benefits of an FHA loan?
As a government-funded program, there are plenty of benefits when it comes to an FHA loan versus a conventional loan:
Get approval with credit scores as low as 580
Great for first-time homebuyers
Buy a home with as little as 3.5% down (just 1% when combined with down payment assistance programs)
All down payment and closing cost funds can be gifted from a family member
FHA REO eligible properties with $100 down
Buy a home while financing repairs or upgrades at the same time
What are the current FHA loan rates?
Interest rates for FHA home loans change all the time based on market trends. While we can’t guarantee your specific percentage here and now, talk to one of our loan officers to lock in your exact interest rate.
How do I qualify for an FHA loan?
The truth is FHA loan requirements are quite minimal. As long as you have a credit score of 580 and a steady income, qualifying is somewhat simple.
Talk to one of our loan officers to apply for an FHA loan today.
What’s your monthly payment?
Estimate your monthly mortgage with this home loan calculator. Just remember, your results are only estimates.
Talk to one of our loan officers to get an official figure. We’re here to help.