An FHA mortgage is a government-backed home loan with more flexible lending requirements than those for conventional loans.
Because of this, interest rates for FHA mortgages may be somewhat
higher, and the buyer may need to pay monthly mortgage insurance
premiums along with their monthly loan payments. FHA loans are available
with fixed rates or as adjustable-rate mortgages.
FHA loans are insured by the Federal Housing Administration (FHA) and may have an easier qualification process due to less stringent down-payment and credit requirements than conventional mortgages. Note: If you're a current military member or veteran, you may be eligible for a VA home loan with little or no downpayment.
Let FHA Loans Help You
FHA loans are insured by the Federal Housing Administration (FHA) and may have an easier qualification process due to less stringent down-payment and credit requirements than conventional mortgages. Note: If you're a current military member or veteran, you may be eligible for a VA home loan with little or no downpayment.
Let FHA Loans Help You
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FHA loans have been helping people become
homeowners since 1934. How do we do it? The Federal Housing
Administration (FHA) - which is part of HUD - insures the loan, so your
lender can offer you a better deal.
- Low down payments
- Low closing costs
- Easy credit qualifying
Buying your first home?
FHA might be just what you need. Your down payment can be as low as 3.5% of the purchase price. Available on 1-4 unit properties.
Financial help for seniors
Are you 62 or older? Do you live in your home? Do you own it outright or have a low loan balance? If you can answer "yes" to all of these questions, then the FHA Reverse Mortgage might be right for you. It lets you convert a portion of your equity into cash.
Want to make your home more energy efficient?
You can include the costs of energy improvements into an FHA Energy-Efficient Mortgage.
How about manufactured housing and mobile homes?
Yes, FHA has financing for mobile homes and factory-built housing. We have two loan products - one for those who own the land that the home is on and another for mobile homes that are - or will be - located in mobile home parks.
Ask an FHA lender to tell you more about FHA loan products
.
Find an FHA lender
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