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FHA Loans

FHA-insured loans make home ownership affordable and obtainable and are the key to getting many customers in the homes of their dreams.

FHA loans can be used to purchase a home, refinance a home to a lower rate/monthly payment, and to pull equity out of the home.


FHA Loan Benefits and Features

  • Your down payment could be as low as 3.5%.
  • There is no limit on borrower income, and there is also more flexibility when it comes to your credit score.
  • A higher debt-to-income ratio which might stand in your way with conventional financing may be acceptable with an FHA loan.
  • FHA loans usually have lower interest rates than conventional loans.
  • You may obtain an FHA loan not just for a home purchase, but also for renovation, a cash out refinance, reduction in interest rate, reduction in term, or even a reverse mortgage.
  • If you have filed for bankruptcy, one to two years from the date of your discharge, you may qualify for an FHA loan with re-established credit.
  • If you have foreclosed in the past or had a short sale, three years after the final date of the foreclosure or short sale, you may be eligible for an FHA loan provided you have maintained good credit.


All of this means you may have an easier time qualifying for an FHA loan, and the terms of the loans may be more favorable than what you would qualify for with a conventional loan.