white vintage hanging flower pot with pink flowers - FHA Loans

The Federal Housing Administration (FHA) is a division of the U.S. Department of Housing and Urban Development (HUD) which provides FHA Loans. The FHA has been helping average home buyer since 1934. These home loans are federally insured against loss from default.

Loan Features

  • Up to 97.5% LTV for owner occupied refinances without cash-out
  • Up to 85% LTV for non-owner occupied refinances with cash-out
  • Monthly payments comparable to rent
  • Easier credit requirements
  • Co-signers allowed
  • Low interest rates and closing costs
  • Flexible guidelines and nontraditional credit allowed
  • Gift funds for down payment allowed

Loan Requirements

  • 1 to 2 years work history
  • Moderate income
  • Minimum 580 FICA score, but higher is better