FHA home loans.

Our team of local home loan experts are ready to guide you through the FHA home loan process.

What are FHA loans?

FHA loans, insured by the Federal Housing Administration, are government-backed mortgages designed to make homeownership accessible for a wider range homebuyers.

They offer several advantages, including: 

• Low down payments: With FHA loans, you can get started with as little as a 3.5% down payment.
• Competitive rates: FHA loans come with competitive interest rates that can fit your budget, making homeownership more affordable.
• Easier qualification: FHA loans are more flexible when it comes to credit score requirements, making them a great option for first-time homebuyers with less-than-perfect credit.

Who do FHA loans benefit?

First-time homebuyers:
If you're purchasing your first home, the low down payment and easier qualification criteria of FHA loans can make the process more manageable.

Lower-to-moderate income buyers:
FHA loans can assist those with limited financial resources find their dream home. 

Buyers with a lower credit score:
FHA loans often accept lower credit scores, giving buyers who may not qualify for a conventional loan a chance at homeownership.

A few more things to know.

What is PMI and MIP?
PMI stands for private mortgage insurance. It’s the term for mortgage insurance on non-government-backed loans.

The mortgage insurance used for FHA loans is mortgage insurance premiums, or MIP. It protects FHA lenders against losses if mortgage payments are defaulted on.

Are FHA loans only for first-time homebuyers?
No. FHA loans are avalible at any stage of homeownership.

Ready to start your homebuying journey? Our local experts are ready to help.