FHA Loans

Today's low-down payment solution

One of the biggest hurdles to home ownership has been the requirement for a large sum of money for a down payment. Even though home prices have retreated and homes are more affordable today, a 20% or even 10% down payment is still out of reach of many.
Since 1938, a home loan program insured by an agency of the Federal government has made the dream of home ownership a reality for millions of people. This program is still available today.

With a loan insured under the Federal Housing Administration (FHA), you can own your home for a down payment as low as 3.5%. Loans insured by FHA are 30- and 15-year fixed rate loans with no prepayment penalty or balloon payments. Interest rates are comparable to those for conventional loans—often below 5%.

Credit and income requirements are actually more flexible than for conventional mortgages.

Call or e-mail us for a detailed, no-obligation explanation of this popular loan program.