Federal Housing Administration (FHA) Loan

Designed to help homebuyers with a low down payment option.


The Federal Housing Administration (FHA) is a government entity that offers
mortgage insurance on loans made by FHA-approved lenders.

The FHA provides insurance on mortgages for many different types of homes including single-family
and multifamily homes. The FHA is completely funded by its own self-generated income, meaning
there is no cost to taxpayers for its operation and services.

These loans are designed to help first-time homebuyers and experienced homeowners alike by
providing them with a low down payment option. FHA mortgage insurance serves as protection
for lenders in the event of a homeowner defaulting on their home loan.


FHA Loans Benefits

FHA insured loans often give potential homeowners the option of making a lower down payment
than they would need to make if using a traditional, non-FHA insured mortgage.

FHA loan benefits include:

Down payments as low as 3.5%
Loan is guaranteed by the government
Less than perfect credit can apply

Fixed Rate Loans

  • Benefits

    Interest rate and payments remain the same of the duration of the loan

Adjustable Rate Loans

  • Benefits

    Lower monthly payments then the fixed rate mortgage, but payments can increase with loan rates

Refinance Mortgages

  • Benefits

    FHA offers refinance options to either reduce your interest rate or take cash-out from your existing mortgage by taking out another mortgage for more than you currently owe.

Energy-efficient Mortgages

  • Benefits

    Helps homeowners significantly lower their monthly utility bills and incorporate the cost of energy efficient improvements into their mortgages

FHA Reverse Mortgage

  • Benefits

    FHA reverse mortgage is designed for homeowners age 62 and older and allows the borrower to convert equity in the home into income or a line of credit

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