living room high ceilings wood floor - 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 home buyers since 1934. These loans are federally insured against loss from default.  

FHA Streamline Loan:

FHA Loans – Features

  • Low interest rate and closing costs
  • No appraisals necessary for streamline loans
  • Monthly payments comparable to rent
  • Easier credit requirements
  • Co-signers allowed
  • Low interest rates
  • Flexible guidelines and nontraditional credit allowed
  • Gift funds for down payment allowed
  • Maximum 97.0% LTV financing available
  • Properteis must meet FHA guidelines


  • Minimum 3.5% down payment
  • 1 to 2 years of work history
  • Moderate income
  • Minimum 580 FICO credit score