Young family of three enjoy time in the kitchen.

FHA Financing Options

FHA Financing

An FHA loan is a mortgage issued by an FHA-approved lender and insured by the Federal Housing Administration (FHA). FHA loans allow financing flexibility for borrowers with lower down payments and credit scores.

FHA Financing Advantages:

  • 30-Year Fixed Rate, low down payment mortgages
  • Owner-occupied, 1- to 4-family properties: finance up to 96.5% of property value
  • Credit scores as low as 580
  • Rate quoted is with no discount points
  • Loan amounts to $679,650, depending on property location: the Base Loan Amount cannot exceed the FHA Statutory Mortgage Limits for each county