FHA Loans

The Federal Housing Administration (FHA) offers government-insured FHA Loans that are designed to make it easier for first-time homebuyers to qualify for a mortgage.

Benefits of FHA Loans*

  • Down Payments as low as 3.5%
  • Available in fixed rate and adjustable-rate loan options
  • No maximum income limits
  • May allow you to use a gift or grant toward all or part of the down payment or closing costs
  • You can include the costs of energy improvements into an FHA Energy-Efficient Mortgage

FHA Loans
  1. FHA mortgage insurance protects the lender if a borrower defaults on the FHA loan. Each FHA borrower pays a mortgage insurance premium. The premiums are collected and used by the FHA to reimburse the lender (not the borrower) should the borrower default and the lender must foreclose upon the loan/sustain a loss. This insurance enables a lender to provide loan options and benefits often not available through conventional financing.
  2. Government loans are not limited to first-time homebuyers.