FHA Mortgages

minimal lowest paymets

FHA Mortgages are provided by an FHA approved lender and backed by the Federal Housing Administration. An FHA mortgage can be an attractive option for first-time homebuyers, those seeking a smaller down payment option or homeowners who have experienced past credit issues. Typically, FHA mortgages allow for a lower percent down payment and offer numerous credit and guideline enhancements extending home-ownership beyond conventional lending guidelines.


  • 1-4 Family Financing
  • 3.5% down payment required — and the down payment can be from a qualified gift
  • Allows a non-occupant family member to co-sign (single-family homes only)
  • Flexible underwriting
  • Roll in non-structural rehab work for purchases and refinances up to $35,000
  • Do not have to be first time homebuyers
  • No income limits
  • Federal mortgage insurance is usually much less expensive than private mortgage insurance (PMI)
  • Property condition standards are much more relaxed than they used to be
  • Cash-out refinancing up to 85% loan-to-value
  • 30- and 15-year fixed and 3/1 and 5/1 ARMs available
  • No reserve requirements for one- and two-unit properties



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