FHA Loans

An FHA (Federal Housing Administration) Loan is a mortgage that’s insured by the federal government and offered through FHA-approved lenders.

FHA Loans have more flexible credit score requirements and are a good option for borrowers who may not have saved enough for a large down payment. You can finance an FHA Loan with a down payment as low as 3.5%*, making it an affordable mortgage option for millions of home buyers, especially first-time home buyers.

*FHA Payment example: If you bought a $350,000 home with a down payment of 3.5%, for a loan amount of $337,750, on a 30-year loan at a fixed rate of 6.0% (6.10% APR), and a $157/month private mortgage insurance payment, you would make 360 monthly payments of $2,204.00. The payment stated does not include taxes and insurance, which will result in a higher payment.