A mortgage backed by the Federal Housing Administration (FHA) provides a way for those who do not meet the requirements of a conventional mortgage to still be able to purchase their own home. Private Mortgage Insurance (PMI) is required. Highlights of a FHA loan include:

  • Lower down payment requirements
  • Up to 6% Seller assistance toward Buyer’s closing costs & prepaids allowed
  • Lower credit requirements for applicant(s)
  • Down payment money may be gifted from family

Still have questions? Please submit an inquiry below and a member of our mortgage team will get in contact with you.