Buying Real Estate

Let FHA Loans Help You

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.

Related: How much house can I afford?

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.

Related: Pre-approved vs Pre-Qualified Makes a BIG difference in buying a home