Federal Housing Administration

FHA Loan

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
  • 2021 FHA Loan limits:
    • 1 Unit= $356,363
    • 2 Units= $456,275
    • 3 Units= $551,500

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Down payment requirements, closing costs, and loan amounts are for illustrative purposes only; subject to credit qualification, not all applicants may qualify. Not a commitment to lend. Not affiliated with or endorsed by any government institution. Please contact us for an exact quote and for more information on fees and terms.

Treadstone Funding propelled by Neighborhood Loans NMLS 222982 “Illinois Residential Mortgage Licensee No. MB.6759826. neighborhoodloans.com/licensing/  For licensing information, go to www.nmlsconsumeraccess.org