An FHA loan may be a good option for first-time homebuyers. For qualified buyers there is a lower down payment option and potentially a lower interest rate than other types of loans. You may be able to finance up to 96.5% of your home loan purchase. This loan provides you with a fixed payment and interest rate with flexible terms from 10 to 30 years, or you can choose an adjustable rate mortgage (ARM) option that will give you a lower starting rate but will adjust after an initial term and then annually thereafter. Contact us today to see if a government-insured FHA loan is the right option for you.
Normal credit approval applies.