FHA Loan

A home mortgage loan insured by the Federal Housing Administration, offering options to purchase, refinance, or cash out on a home.

Federal Housing Administration (FHA) loans were created to improve access to homeownership, uplifting those who may not qualify for conventional financing opportunities. Since credit score and debt to income ratios can be a barrier to homeownership, FHA loans add flexibility in these requirements you may not find in Conventional Mortgages.

When choosing the best loan for your needs, consider an FHA loan for its unique benefits, especially if you are financing a primary residence. FHA loans require buyers to pay an Upfront Mortgage Insurance Premium (UFMIP) of 3.5% and a monthly Mortgage Insurance Premium (MIP), which is included in the monthly loan payment.

Best choice if:

• You’re a first-time home buyer with limited funds for a down payment
• You want to keep your monthly payments as low as possible
• You have concerns about qualifying for a loan due to imperfect credit
• You prefer a stable, consistent monthly payment
• You anticipate that interest rates will rise

Speak to one of our dedicated Loan Executives today!

We also offer Homeowners Insurance!

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