FHA loans are the most common type of loan and most first-time home buyers use this program. They are flexible and allow purchases down to just a 500 credit score in some cases.
FHA mortgage loans are insured by the Federal Housing Administration (FHA) and provide a variety of benefits for home buyers, especially first-time buyers, buyers without large down payments, or those using gifts for down payments and closing costs.
FHA Loan Highlights
- 3.5% down payment (96.5% LTV)
- Gift funds or assistance allowed
- Co-signers may help you qualify even if they will not be living in the home
If it sounds like a FHA loan is right for you, fill out our secure and easy pre-qualification form. One of our loan officers will contact you quickly with your approval.