FHA Loans

An FHA loan is a mortgage insured by the Federal Housing Administration. FHA loans offer down payment options as low as 3.5% in addition to a less stringent qualification. To protect lenders from a loss if the borrower should default, mortgage insurance is required on all FHA loans.

For eligible borrowers, FHA loans offer lower down payment options with flexible credit score requirements. This is typically a good option for first-time homebuyers but is available to all eligible borrowers.

Your FHA Loan

Ideal for:

First-time homebuyers
Borrowers with low-to-moderate incomes
Borrowers with lower credit scores

Benefits:

Down payments as low as 3.5%
Various property types qualify, including single-family, condos, and manufactured homes
Fixed and Adjustable-Rate Mortgage (ARM) Terms Available
Financing up to 96.5% of purchase price
Flexible qualification requirements

This is for informational purposes only and not an offer to lend or extend credit. Subject to credit and income approval. Terms and conditions are subject to change without notice.*

Purchase price

Please enter here the amount you expect to pay for a home.

Down payment

Down payment is cash that you pay upfront for your home.

Term in years

Number of years you have to pay.

year(s)

Interest rate (per year)

The percentage of interest that you will pay on your mortgage for a specific term.

Property Tax

Enter your property tax here if you know it.

per year