FHA Loans

Low rates and attractive terms make FHA loans a great option for home financing.  First-time homebuyers will find credit requirements much less strict than other loan programs — you can even use gift funds to pay 100% of the cash needed to close.

  • 3.5% down payment
  • No income limits or restrictions
  • No first-time buyer requirement
  • Cash reserves not required except for 3 and 4 unit properties
  • Seller can contribute up to 6% of the purchase price toward closing costs
  • Gifted funds to 100% of closing costs
  • Debt to income ratios up to 55% with AUS approval
  • Lenience on derogatory credit - allows credit scores down to 580
  • Non-occupant borrowers allowed
  • FHA loans are assumable
  • Purchase or Refinance options




Video: Low Down Payment Options for Home Loans