Federal Housing Administration (FHA) Mortgage
Specialized loans with government backing.
An FHA loan has features that make homeownership more affordable. With its low down payment options, you’ll need less cash to get started, so qualifying could be easier than you might think.
Overview
| Loan to Value (LTV) |
96.5% for purchases and streamline refinances |
|---|---|
| Interest Rate | Fixed |
| Down Payment | As low as 3.5% |
Features
- Up to 6% seller contribution allowed (based on LTV), and can be used for closing costs or prepaid items
- Allows for down payment assistance from third-party organizations and agencies
- No reserve requirement for a 1-2 unit property1
- Available for 1- to 4-unit properties, including single family homes, condos or planned unit developments
Contact Us
We'll walk you through your options. With your rates, terms and benefits in hand, you'll have everything you need to take the next step.
NOTICE: This is not a commitment to lend or extend credit. Conditions and restrictions may apply. All home lending products, including mortgage and home equity lines of credit, are subject to credit and collateral approval. Not all home lending products are available in all states. Hazard insurance and, if applicable, flood insurance is required on collateral property. Actual rates, fees, and terms are based on those offered as of the date of application and are subject to change without notice.
Dependent upon automated mortgage underwriting response.
NMLS# 399797. Equal Housing Lender.
