FHA

FHA Mortgages help low-to-moderate-income homebuyers purchase homes with low down payments (approximately 3%) and flexible qualifying guidelines. Qualifying for a FHA loan is easier than any other loan. If you don't have a 20% down payment you should consider this loan type. These loans are insured by the Federal Housing Administration (FHA), which sets loan limits that vary by area. With an FHA mortgage, you can use a gift or unsecured loan for down payment and closing costs. FHA mortgages are available in fixed-rate and adjustable-rate mortgage options.

Using this loan type will get you into a home with the least amount of cash. It will also get you more house with a limited amount of cash than other loan programs.

Please call us for the loan limits in your county or visit the FHA website for the limits at https://entp.hud.gov/idapp/html/hicostlook.cfm.