Together We Get It Done!

FHA Loans

FHA

FHA loans originated in 1934 and are insured by the Federal Housing Administration.  These loans allow an individual to borrow money towards purchasing a new home or refinancing an existing home.

  • 30-year, 25-year, 20-year, 15-year, and 10-year terms available
  • Adjustable rate mortgages allowed
  • Minimum down payment: 3.5%
  • Single family and 2-4 units acceptable
  • Primary residence only
  • Grants and gifts permitted from suitable sourcesd
  • Non-occupant co-borrower can be used for qualifying
  • Flexible or no credit scores
  • 2 years post-bankruptcy
  • 3 years post-foreclosure
  • Government sponsored down payment assistance
  • Common sense underwriting
  • Seller concessions up to 6%
  • 203K Rehab loans
  • Loans can be assumable
  • Maximum loan amounts are restricted by geographical area
  • Reduced monthly mortgage insurance
  • Purchase or refinance