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FHA Home Loans

Perfect for 1st Time Home Buyers - Apply Now

New Purchase
Refinance

Benefits of a FHA Home Loan

Purchase Loan

  • Only 3.5% Down Payment Required
  • Down payment can be gifted by approved sources
  • Flexible Underwriting
  • Lower Credit Scores Allowed
  • 600 with 3.5% Down Payment
  • 580 with 10% Down Payment
  • Higher Debt to Income Ratios Allowed
  • Seller Paid Closing Costs up to 6%
  • Manufactured Housing OK (Subject to Restrictions)

Refinance Loan

  • Streamline Option – Rate and Term Only
    • No Appraisal / No Income Required
  • Full Documentation
    • Rate and Term / Cash out options
    • Costs can be rolled into the loan

FHA mortgages offer down payments as low as 3.5%, which can include the use of gift funds. You do not need to meet low-to-moderate income requirements to qualify for this government insured loan.

  •  Loan Limits: (Low Cost Areas) 1 unit $420,680, 2 unit $538,650, 3 unit $651,050, 4 unit $809,150
  • Loan Amount: (High Cost Areas) 1 unit $970,800, 2 unit $1,243,050, 3 unit $1,502,475, 4 unit $1,867,275
  • Terms: Up to 30 Years
  • Financing (Purchase): up to 96.5% of loan value
  • Financing (Refinance): up to 97.75% of loan value
  • Zero closing cost option
  • Financing (Cash Out) Option: up to 80% of home value
  • No appraisal required (Streamlines and HUD homes)
FHA Rates

2.750 %
3.911 % APR

30 Year FHA

Stable monthly payment with less money down

Rate Assumptions
Table HeaderTable Header
Minimum FICO Credit Score620
Minimum Down Payment3.5%
Maximum Loan To Value96.5%*
Maximum Debt To Income50%*
Exceptions to 55%
Mortgage InsuranceYes
Years Since Bankruptcy2
Years Since Foreclosure3
Years Since Short Sale3
Special Qualification RequirementsNone

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