Easier Loan Qualifications with FHA

  • A FHA loan is the easiest way to qualify to purchase or refinance your home.
  • Credit scores as low as 620 can qualify you for a FHA loan!
  • We offer 15 and 30-year fixed FHA loans and 5 Year ARM FHA loan.
  • With a FHA loan you can refinance up to 97.75% of your home’s value.
  • Reduce your interest rate and payment on your current FHA loan with our FHA Streamline! All the benefits of refinancing, but with minimal paperwork and even without an appraisal. You may qualify even if you owe more than your home is worth.
  • With a FHA cash-out refinance you can take out up to 85% of your home’s current value.
  • Buying a home? Your down payment can be as low as 3.5%. FHA even allows seller concessions of up to 6% of the purchase price.
  • Increased FHA loan limits up to $729,750 in some markets.

What is an FHA Loan?

A FHA Loan is a mortgage loan insured by the Federal Housing Administration (FHA). The FHA does not provide the loan; rather, it insures the loan for the lender. If the borrower defaults, the lender can seek recourse from the FHA. This lowers the lender’s risk and makes them more likely to issue a loan. The FHA was formed in 1934, and in 1965 joined the Department of Housing and Urban Development. FHA has insured more than 33 million home mortgages since its inception. Today it continues to help low- and middle-income families move into their dream homes, by making it easier to obtain mortgages. More than 800,000 current homeowners have mortgages insured by the FHA. One of the many benefits of a FHA-insured loan is not only the low interest rates, but initial down payments can be as low as 3.5 percent, making it possible to afford a higher-priced home than a similar conventional loan requiring 5-10 percent down. A FHA loan can also help home buyers finance their closing costs and also offers mortgage insurance