Types of Loans
FHA Loans
Lower down payments and flexible credit guidelines.
FHA loans are insured by the Federal Housing Administration. Because of that insurance, lenders can offer more flexible credit and down payment guidelines than many conventional loans.
Who it fits
- First-time buyers with limited savings
- Borrowers rebuilding credit
- Buyers with higher debt-to-income ratios
- Homeowners who want an FHA streamline refinance
Key features
- Down payment as low as 3.5% with qualifying credit
- Gift funds can cover the down payment
- Upfront and annual mortgage insurance premiums apply
- Fixed and adjustable rate options
- Available for 1–4 unit primary residences
FHA loan limits vary by county. Eligibility, loan terms, down payment requirements, rates, fees and program features vary by borrower qualifications, property type and lender guidelines. Contact us to see which program fits you.