The Federal Housing
Administration (FHA) - which is part of HUD - insures the loan,
so your lender can offer you a better deal.
- Low down payments
- Low closing costs
- Easy credit qualifying
Buying your first home?
FHA might be just what you need. Your down payment can be as low
as 3% of the purchase price, and most of your closing costs and
fees can be included in the loan. Available on 1-4 unit
properties.
Want a fixer-upper?
FHA has a loan that allows you to buy a home, fix it up, and
include all the costs in one loan. Or, if you own a home that
you want to re-model or repair, you can refinance what you owe
and add the cost of repairs - all in one loan.
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.
Need advice? Contact a HUD-approved housing counselor or call
(800) 569-4287. |
