FHA HOME MORTGAGES

People who don’t qualify for conventional loans have a good chance at an FHA loan. They can be used to purchase or refinance a home. Although these loans are backed by the Federal Housing Administration (FHA) they are made by private financial institutions.

Buying your first home?  
Your down payment can be as low as 3.5% of the purchase price, and most of your closing costs and fees can be included in the loan.

Want a fixer-upper?  
FHA has a loan that allows you to buy a home, fix it up, and include all the costs in one loan. Or, if you own a home that you want to re-model or repair, you can refinance what you owe and add the cost of repairs - all in one loan. 

Want to make your home more energy efficient?  You can include the costs of energy improvements into an FHA Energy-Efficient Mortgage.

Are you 62 or older and live in your home?  Do you own it outright or have a low loan balance? If you can answer "yes" to all of these questions, then the FHA Reverse Mortgage might be right for you. It lets you convert a portion of your equity into cash. 

THE DETAILS

• 3.5% down payment required
• Closing costs and other expenses can be gifted from family members
• Non-occupant family members can co-borrow
• Seller contributions up to 6%
• Fixed and adjustable rates available

THE FINE PRINT

Maximum loan amounts and other restrictions may apply. Ask for details.  Some products may not be available in all states. Credit and collateral are subject to approval. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Terms and conditions may apply.