FHA Loans

FHA loans are fully insured through the Federal Housing Administration (FHA), a government organization. FHA loans offer benefits that include lower down payments, lower closing costs, straight-forward mortgage terms, and easier credit qualification.

FHA Streamlined 203(k)
A single-family home rehabilitation program that enables you to finance both the purchase or refinance of a house and/or the cost of its rehabilitation through a single mortgage.

FHA Single Family Mortgage Insurance Program
Programs that help low and moderate income families become homeowners by lowering some of the costs of their mortgage loans.

FHA Mortgage Insurance Costs
For an FHA loan the borrower will be charged a mortgage insurance premium equal to 1.75% of the base mortgage amount which can be added into the mortgage on the property and a renewal premium of 0.85% of the base mortgage amount, calculated monthly, in subsequent years.

Down Payment Gifts for FHA Loans
FHA allows 100% of the down payment to be a gift from friends, family, or other approved sources.