FHA Loan

Federal Housing Administration

Are you self-employed, a first-time buyer, or a borrower with non-traditional credit? An FHA loan may be perfect for you. FHA loans have no income limits, no geographic restrictions, and have liberal qualification requirements. Typically, FHA also offers a lower down payment, lower monthly insurance premiums, and lower closing costs.

If you are looking for a lower down payment option, check out our RD or VA Loans which require no down payment.

  • Lower credit scores allowed
  • Down payment can be a gift from acceptable sources
  • 3.5% down payment plus closing costs and prepaids
  • Allows seller contributions towards buyer closing costs and prepaids
  • 2022 FHA Loan limits:
    • 1 Unit= $420,680
    • 2 Units= $538,650
    • 3 Units= $651,050
    • 4 Units= $809,150

Read More On...