FHA Financing
FHA financing is perfect for:
Low-to-Moderate Borrowers With Credit Scores as Low as 580
Borrowers Who Can Only Afford a 3.5% Down Payment
Homebuyers relying entirely on gifted funds for their down payment
Homeowners looking to refinance with limited equity
What Is FHA Financing?
An FHA loan is a mortgage that’s insured by the Federal Housing Administration (FHA) and issued by FHA-approved lenders. These loans are designed to make homeownership more accessible, especially for borrowers who may not qualify for conventional loans due to financial challenges.
Because FHA loans are backed by the Federal Housing Administration, they offer greater financial flexibility—including low down payment options and more lenient qualification requirements. This makes them an excellent choice for first-time homebuyers or anyone who needs extra support securing home financing
Types of FHA financing:
Fixed-Rate
A fixed-rate mortgage is a type of home loan where the interest rate remains constant throughout the entire term of the loan. This means:
Your monthly principal and interest payments will never change, regardless of fluctuations in the broader economy or interest rate markets.
Even if national interest rates rise or fall, your rate is “locked in” from the beginning.
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Adjustable-Rate (ARMs)
An adjustable-rate mortgage (ARM) is a type of home loan where the interest
rate is not fixed for the entire term. Instead, it starts with a lower introductory
rate for a set period, and then the rate adjusts periodically based on market
conditions