FHA loan programs offer lower down payments and are a good option for first-time home buyers. FHA loans have been helping people become homeowners since 1934. The Federal Housing Administration (FHA) – which is part of the U.S. Department of Housing and Urban Development (HUD) – insures the loan, so your lender can offer you a better deal.
- Lower down payments
- Lower closing costs
- Easier credit qualifying
What does FHA have for you?
Buying your first home?
FHA might be just what you need. Your down payment can be as low as 3.5% of the purchase price. Available on 1-4 unit properties.
Financial help for seniors
Are you 62 or older? Do you live in your home? Do you own it outright or have a low loan balance? If you can answer “yes” to all of these questions, then the FHA Reverse Mortgage might be right for you. It lets you convert a portion of your equity into cash.
Want to make your home more energy efficient?
You can include the costs of energy improvements into an FHA Energy-Efficient Mortgage.
How about manufactured housing and mobile homes?
Yes, FHA has financing for mobile homes and factory-built housing. We have two loan products – one for those who own the land that the home is on and another for mobile homes that are – or will be – located in mobile home parks.
Ask an FHA lender to tell you more about FHA loan products. Find an FHA lender
Need advice? Contact a HUD-approved housing counselor or call (800) 569-4287.