FHA Home Loans

FHA Loans Make Home Ownership More Affordable

The FHA (Federal Housing Administration) loan is one of several government-insured loans. FHA doesn’t lend money directly to home buyers; they insure lenders against losses that may occur from client default. Because of this, lenders have less strict requirements for borrowers. Traditionally, FHA loans have been a popular choice for first time home buyers.


How much can I expect to pay each month?

Calculate your potential new monthly mortgage payment in seconds with this handy calculator so you can make sure you have enough money left over each month for all your other expenses. Choose your rate and term—you might be surprised to see how affordable it is to own your home in less time than you thought. See how much interest you’ll pay over the life of the loan, and enter prepayment amounts to calculate their impact on your mortgage.

The Benefits of Using an FHA Loan

Low Down Payment

FHA loans puts home ownership in the reach of millions of because of the low 3.5% down payment requirement.

Flexible Credit Requirements

If your just establishing credit or your credit is less than perfect, you can typically qualify with an FHA home loan.

Fixed or Adjustable

Both fixed rate and adjustable rate mortgages are available and insured by the Federal Housing Administration.

Capped Payment Increases

ARM loans have a cap on how fast the rate can increase, which means that even if payments go up, there’s a limit.

Lower Rates

Usually lower than conventional mortgage rates on conforming loans and borrowers with lower credit scores can still qualify.