Why put off your dream of homeownership when an FHA loan can make it happen now? With lower credit and down payment requirements than traditional mortgage loans, an FHA loan can be an easy and affordable option for purchasing or refinancing your home.
What are the benefits of FHA loans?
Take advantage of down payments as low as 3.5%1
Up to 96.5% financing
Use a monetary gift to help with down payment or closing costs
Less restrictive credit requirements
Variety of options for rate and term
Can be used for refinancing
Is an FHA loan right for you?
First-time homebuyers, previous homeowners and move-up buyers are eligible
Subject to credit approval. Property insurance required. All funds will be verified.
Rates, terms and conditions effective as of February 13, 2019. Based on a $250,000 loan at 96.5% LTV, on a 360 month term, with a principal/interest payment of $1,248.21 and an interest rate of 4.375%, the $1,200 prepaid fee results in an APR of 5.504%.
