Federal Housing Administration Loans

Get into your dream home with limited cash assets and a smaller down payment thanks to the Federal Housing Administration Loan. FHA loans are a perfect way for families to become homeowners. We are here to support you through the application process.

Federal Housing Administration Loan Benefits

“Secure a reliable fixed rate”
Borrow with no income limitations 
Put down as little as 3.5% of your home’s price
Great for borrowers with lower credit scores


There are few reasons for these great terms. Federal Housing Administration Loans are backed by the federal government. There are also two fees that factor into this - a funding fee, paid upfront when buying your home, and a mortgage insurance premium (MIP) which you pay each month.

Yes, this is included in your monthly repayment as a mortgage insurance premium (MIP). There will also be an upfront MIP payment at closing.

Yes, non-occupant cosigners are accepted as long as they are the borrower’s family member as defined by the U.S. Department of Housing and Urban Development.

Yes, condominium financing is available if the project appears in the U.S. Department of Housing and Urban Development’s approval roster.

Yes, buying manufactured housing is permitted, although approval is dependent on an extra set of criteria. Get in touch if you’d like help in understanding what this entails.

To qualify for a Federal Housing Administration Loan, you’ll need to pass Credit Alert Interactive Voice Response System (CAIVRS) clearance with no delinquency claims for any federal related debt. This includes student loans and government-backed mortgage debts.

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