Home loans backed by the Federal Housing Authority (FHA) can make it easier for you to qualify to purchase or refinance a home. If you have credit challenges, an FHA loan may be the right answer for people who may not qualify for a conventional mortgage.
- Low down payments
- Flexible income and credit requirements
- Loans for 1-4 unit properties and condos may be available
- Down payment funds can be a gift from a relative or employer*
- Home sellers can contribute up to 6% of the closing costs
*Subject to underwriting review and approval.